FERC’s enforcement activity in the energy sector increased in fiscal year 2021 and included investigations into possible market manipulation during Winter Storm Uri.

Federal Energy Regulatory Commission

“When I became chairman of the Commission last January, one of my top priorities was to ensure vigorous oversight and enforcement of the Commission-regulated markets,” said Federal Energy Regulatory Commission’s Chairman Richard Glick. “I cannot stress this enough. We must deter market manipulation and protect consumers through vigorous enforcement of Commission and market rules.”

The regulator’s Division of Analytics and Surveillance (DAS) identified and looked into instances of potential misconduct in wholesale natural gas and electricity market activity during February’s winter storm. The aim was...