April 25, 2024

market manipulation

FERC
FERC Enforcement Report Details One Closed Probe into Winter Storm Uri
FERC's latest enforcement report detailed one closed investigation into manipulation during Winter Storm Uri, but other nonpublic probes continue.
Shutterstock
FERC Approves Smaller Fine for BP After 5th Circuit Decision
FERC approved an $11 million fine for BP America that closes an investigation into natural gas price manipulation dating back to Hurricane Ike in 2008.
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FERC’s Evolving Enforcement Practices Examined at EBA Meeting
FERC’s enforcement powers have been impacted by recent court cases, and the commission itself has some new priorities, experts said at an EBA panel Friday.
Calpine
CPUC to Investigate Western Natural Gas Price Surge
The California Public Utilities Commission launched an investigation into extremely high natural gas prices in California and the West this winter.
CAISO
Natural Gas Prices Add $4B to CAISO Electricity Costs
Soaring natural gas prices in December and January increased CAISO electricity costs by $4 billion, prompting the governor to ask FERC to investigate.
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Coaltrain Agrees to $4M Settlement with FERC over UTC Trades
Coaltrain Energy agreed to pay $4 million in disgorged profits to resolve a FERC investigation into accusations that the company engaged in market manipulation.
Google
FERC Levies $242M in Fines on GreenHat, Owners
FERC determined that GreenHat Energy and its owners violated the Federal Power Act by “engaging in a manipulative scheme” in PJM’s FTR market.
Energy Information Administration
FERC Orders Hearing on Gas Manipulation Allegation
FERC ordered a hearing on allegations that Total manipulated the price of natural gas at several locations in the Southwestern U.S. between 2009 and 2012.
GreenHat Energy, Owners Face $229M FERC Fine
FERC threatened GreenHat Energy and its owners with $229 million in civil penalties over the company’s 890 million MWh default of its FTR portfolio in PJM.
CAISO CEO Defends Blackouts Response
Top officials discussed CAISO’s handling of California’s mid-August blackouts and actions to avoid future shortages in a webinar.

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