FERC last Wednesday approved a stipulation and consent agreement that fined ConocoPhillips $545,000 and required it to disgorge about $3.2 million in unjust profits that it reaped as a result of alleged violations of the agency’s capacity release regulations.
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ConocoPhillips Penalized $3.7M for Capacity Violations
FERC Wednesday approved a stipulation and consent agreement that fined ConocoPhillips $545,000 and required it to disgorge about $3.2 million in unjust profits for alleged violations of the agency’s capacity release regulations.
January 6, 2012
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