FERC issues order proposing nearly a half-billion dollars in civil penalties *

USA - November 5 2012
On Halloween the Federal Energy Regulatory Commission (FERC) issued an order[1] (Order) directing Barclays Bank PLC (Barclays) and four individuals from its Western U.S. electricity trading operations (Traders) to show cause why they should not be found to have violated the Federal Power Act and FERC prohibitions against energy market manipulation.

Co-authors: Patrick M. Gerity, David T. Doot, James E. Bowers.

FERC issues orders proposing substantial civil penalties for alleged market manipulation in New England's load response program *

USA - July 18 2012
Yesterday the Federal Energy Regulatory Commission ("FERC") issued four orders, each of which directs a participant in New England's prior Day-Ahead Load Response Program ("DALR Program") to show cause why it should not be found to have violated Federal Power Act and FERC prohibitions against energy market manipulation and, as a result, to disgorge payments received and be assessed substantial civil penalties (totaling nearly $26.5 million in the aggregate).

Co-authors: Patrick M. Gerity, David T. Doot.