Abuse

DRBC Sued for Allowing Gas Drilling Prior to Moratorium

Two conservation groups are suing the Delaware River Basin Commission (DRBC) for allowing natural gas development in the watershed prior to a moratorium instituted last year. The plaintiffs have asked the court to have the drilled wells removed, “and the sites cleaned up and restored to natural conditions.”

February 4, 2011

Energy Bill Would Order Price Reporting by Jurisdictional Companies

While cracking down on market fraud and abuse with tough new penalties, the draft energy bill also seeks to increase transparency in natural gas prices by ordering regulated entities to report prices to the Federal Energy Regulatory Commission and to price publishers.

November 18, 2003

NYISO Seeks FERC OK of Market Abuse Penalties

Pointing out the potential for market power abuses during this summer’s peak demand periods, the New York Independent System Operator (NYISO) has asked FERC to give it a quick go-ahead to penalize for repeated abuses of market power in the Empire State.

July 9, 2001

NYISO Seeks FERC OK of Market Abuse Penalties

Pointing out the potential for market power abuses during this summer’s peak demand periods, the New York Independent System Operator (NYISO) has asked FERC to give it a quick go-ahead to penalize for repeated abuses of market power in the Empire State.

July 5, 2001

Sellers: Cal-ISO Claims of Market Abuse More ‘Rhetoric’ Than Fact

The California Independent System Operator’s emergency motion seeking to strip several major California generators of their market-based rate authority should be rejected, given that FERC already has granted many of the remedies sought by the Cal-ISO in its recent price-mitigation order, generators said. Moreover, they contend the Cal-ISO hasn’t provided an iota of evidence to show that they manipulated prices for power in the California market.

July 2, 2001

Sellers: Cal-ISO Claim of Market Abuse More ‘Rhetoric’ than Fact

The California Independent System Operator’s emergency motion seeking to strip several major California generators of their market-based rate authority should be rejected, given that the Commission already has granted many of the remedies sought by the Cal-ISO in its recent price-mitigation order, generators said. Moreover, they contend the Cal-ISO hasn’t provided an iota of evidence to show that they manipulated prices for power in the California market.

June 28, 2001

El Paso Deflects Charges of Marketing Affiliate Abuse

El Paso and its marketing affiliate El Paso Merchant Energystill face charges of market manipulation through pipeline capacity”hoarding” in a case pending before FERC despite the pipelinecompany’s recent decision to divvy up 1.2 Bcf/d of firm capacityheld by its affiliate among 30 different marketers. Merchant Energyrelinquished all but 277 MMcf/d of firm space on its affiliatedpipeline (see Daily GPI, March 2).

March 7, 2001

FERC ‘Impotent’ to Prevent Market Abuse, Staffer Says

In a daring move, a staff member of the Federal EnergyRegulatory Commission’s new office that monitors the electric andnatural gas markets has accused the Commission of being powerlessto monitor and correct abuses in the electricity industry.

June 19, 2000

Staffer: FERC ‘Impotent’ to Detect Market Abuse

In a daring move, a staff member of the Federal EnergyRegulatory Commission’s new office that monitors the energy marketshas accused the Commission of being powerless to pinpoint andcorrect abuses in the electricity industry due to an absence ofappropriate market data.

June 19, 2000

ProvGas Files for Rehearing of Affiliate Abuse Decision

Stung by a hearing officer’s $323,000 fine for affiliatefavoritism and tariff violations, Providence Gas Co. (ProvGas) saidlast week the “unusual proceedings” went “substantially beyond thescope of issues originally” raised by an Aurora Natural Gascomplaint. The Rhode Island utility filed a request forreconsideration, rehearing and a stay of the decision, saying thelargest portion of the fine is a free ticket to marketers forwinter storage and peaking services they already received.

October 5, 1998
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