Regulatory

Former Amaranth Trader, CFTC Resolve Lawsuit

The former Amaranth Advisors LLC trader who was overseeing the energy desk when the fund collapsed in 2006 has agreed to pay the Commodity Futures Trading Commission (CFTC) $750,000 to resolve a lawsuit accusing him of attempting to manipulate natural gas futures prices. Read More

Pennsylvania PUC Hikes Columbia Gas Penalty to $200K

The Pennsylvania Public Utility Commission (PUC) voted unanimously to nearly double a fine it had levied earlier this year against Columbia Gas of Pennsylvania Inc. after an investigation revealed various operating practices and incidents involving a third-party contractor had run afoul of state and federal regulations. Read More

Enforcement Has a Pivotal Role at FERC, Fuels Chief Says

FERC’s enforcement division has grown from five to to 500 employees since the market meltdown in 2000-2001, staffing a market monitoring center that closely follows electric and natural gas prices, tracking apparent aberrations for any evidence of market manipulation. Last winter’s polar vortex didn’t make their job any easier. Read More