FERC on Friday accepted a settlement hammered out between the Commission’s enforcement staff and Houston-based units of Duke Energy that resolves outstanding matters relating to the Western electricity crisis in 2000-2001. The $2.5 million that Duke has agreed to pay resolves pending issues stemming from a FERC staff investigation of the West’s energy problems.
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FERC Accepts Duke Energy Settlement Resolving Gas ‘Wash’ Trading Issues
FERC on Friday accepted a settlement hammered out between the Commission’s enforcement staff and Houston-based units of Duke Energy that resolves outstanding matters relating to the Western electricity crisis in 2000-2001. Among other things, the agreement terminates and resolves any issues before the Commission involving Duke’s “wash” trading of natural gas.
Former Westar Execs Indicted for Trying to ‘Systematically Loot’ Company
Top federal law enforcement authorities announced Thursday that former Westar Energy CEO David C. Wittig and Douglas T. Lake, ex-executive vice president, were indicted this week by a federal grand jury on 40 counts of conspiracy, fraud and related criminal charges.
Transportation Notes
Tennessee said it was ceasing enforcement Tuesday of a Balancing Party’s Maximum Allowable Volume.
Attorney Recommends Pre- and Post-Enforcement Strategies for Energy Companies
Energy trading companies should leap into action with “an aggressive compliance program in-house,” including a regimen of standards and procedures to weed out unacceptable market behavior, a veteran attorney in the regulatory arena told the mid-year meeting of the Energy Bar Association.
Attorney Recommends Pre- and Post-Enforcement Strategies for Energy Companies
Energy trading companies should leap into action with “an aggressive compliance program in-house,” including a regimen of standards and procedures to weed out unacceptable market behavior, a veteran attorney in the regulatory arena told the mid-year meeting of the Energy Bar Association.
EPA Brings Lawsuits Against 32 Coal-Fired Utility Plants
In one of the most aggressive environmental enforcement actionsever, the federal government yesterday filed a series of lawsuitsagainst 32 coal-fired electric utility plants in the South andMidwest alleging that they made illegal modifications to theirfacilities, which resulted in increased nitrogen oxide (NOx) andsulfur dioxide (SOx) emissions over the years.
Consumers Energy, FERC Agree on No-Fault Settlement
In a case that points up the marketplace failure of FERC’scapacity release rules, Consumers Energy and the Commission’senforcement section have come to a no-fault agreement over chargesConsumers collected payments in excess of maximum lawful rates forupstream pipeline capacity released to shippers.
Consumers Energy, FERC Agree on No-Fault
In a case that points up the marketplace failure of FERC’scapacity release rules, Consumers Energy and the Commission’senforcement section have come to a no-fault agreement over chargesConsumers collected payments in excess of maximum lawful rates forupstream pipeline capacity released to shippers.