RenewableEnergyWorld
Following a more than three-year investigation, the Federal Energy Regulatory Commission (FERC) has issued an Order to Show Cause and Notice of Proposed Penalty against American Efficient LLC, its subsidiaries, and corporate parents for market manipulation and tariff violations. FERC is seeking $722 million in civil penalties and the return of over $253 million in unjust profits …
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FERC seeks $722M in civil penalties for market manipulation in PJM and MISO
Augustine Pepper
11:24
Following a more than three-year investigation, the Federal Energy Regulatory Commission (FERC) has issued an Order to Show Cause and Notice of Proposed Penalty against American Efficient LLC, its subsidiaries, and corporate parents for market manipulation and tariff violations. FERC is seeking $722 million in civil penalties and the return of over $253 million in unjust profits
