Fined

The Illinois Commerce Commission (ICC) has fined Peoples Energy affiliate Peoples Energy Services (Pesco) $40,000 for violating the consumer protection provisions of the state’s Alternative Gas Supplier Law by selling gas customers a “fixed rate” plan with prices that were not fixed and with other inadequately disclosed provisions, such as a clause that allows the company to drop the customer because of high gas supply costs.

The Illinois Commerce Commission (ICC) has fined People Energy affiliate Peoples Energy Services (Pesco) $40,000 for violating the consumer protection provisions of the state’s Alternative Gas Supplier Law by selling gas customers a “fixed rate” plan with prices that were not fixed and with other inadequately disclosed provisions, such as a clause that allows the company to drop the customer because of high gas supply costs.

Enron will pay $35 million to the Commodity Futures Trading Commission (CFTC) to settle charges that it, along with one of its natural gas traders, Hunter Shively, engaged in a scheme to manipulate the Henry Hub natural gas spot and futures markets on July 19, 2001. Shively also agreed to pay $300,000 to settle charges against him.

A FERC Administrative Law Judge last Tuesday recommended that Enron Corp. be fined $32.5 million for violating federal laws during the western power crisis in 2000-2001. Judge Carmen Cintron also reiterated in her initial decision that Enron’s wholesale electricity trading license be revoked after reviewing testimony that indicated Enron had violated Section 205(c) of the Federal Power Act (FPA).

A FERC Administrative Law Judge Tuesday recommended that Enron Corp. be fined $32.5 million for violating federal laws during the western power crisis in 2000-2001. Judge Carmen Cintron also reiterated in her initial decision that Enron’s wholesale electricity trading license be revoked after reviewing testimony that indicated Enron had violated Section 205(c) of the Federal Power Act (FPA).

The Illinois Citizens Utility Board (CUB) said it believes that Nicor Gas should be fined $27 million for “lying” to state regulators in an alleged effort to hide a complicated scheme that used improper accounting procedures to defraud Illinois consumers at a time when customers were paying record high gas prices. The move comes as the latest shot fired in the ongoing feud between the utility watchdog group and the Naperville, IL-based utility.

The Citizens Utility Board (CUB) said it believes that Nicor Gas should be fined $27 million for “lying” to state regulators in an alleged effort to hide a complicated scheme that used improper accounting procedures to defraud Illinois consumers at a time when customers were paying record high gas prices. The move comes as the latest shot fired in the ongoing feud between the utility watchdog group and the Naperville, IL-based utility.

The Commodity Futures Trading Commission (CFTC) ordered Dynegy Corp. subsidiary Dynegy Marketing and Trade and affiliate West Coast Power LLC last Thursday to pay a fine of $5 million to resolve charges they colluded to manipulate natural gas prices for more than two years by submitting bogus trading information to energy newsletters that publish gas price indices.

The Commodity Futures Trading Commission (CFTC) ordered Dynegy Marketing and Trade and affiliate West Coast Power LLC Thursday to pay a fine of $5 million to resolve charges that they colluded to manipulate natural gas prices for more than two years by submitting bogus trading information to energy newsletters that publish gas price indices.