CONSTELLATION SETTLES MARKET MANIPULATION ALLEGATIONS WITH RECORD-SETTING PENALTY

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 »