CONSTELLATION SETTLES MARKET MANIPULATION ALLEGATIONS WITH RECORD-SETTING PENALTY
An agreement reached between the
Federal Energy Regulatory Commission (FERC) and Constellation Energy
Commodities Group will require the company to pay $245 million to
settle FERC allegations that the company manipulated power markets run
by the New York
Independent System Operator (ISO) and ISO New England between September
2007 and December 2008. The penalty is the largest ever imposed by
FERC under the expanded enforcement authority assigned to the federal
body in 2005. Read More »
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