Appeals court upholds FERC California power crisis market manipulation findings

Platts

The US Federal Energy Regulatory Commission’s finding that five energy companies manipulated California’s power markets in 2000-01 was upheld Thursday by a federal appeals court.
FERC has ordered the companies to pay more than $200 million in refunds and penalties, but that finding is being challenged separately.
“The panel held that FERC reasonably interpreted the …

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.