The former chief of the American Electric Power’s (AEP) Gulf trading desk agreed to pay a $350,000 fine to the Commodity Futures Trading Commission (CFTC) to settle charges that he directed AEP natural gas traders to submit misleading or knowingly inaccurate information to two Platts’ publications, Gas Daily and Inside FERC’s Gas Market Report for almost two years (see Daily GPI, Sept. 21, 2005).
Penalty
Articles from Penalty
Trial Date for Former Reliant Energy Trader Pushed Back to August 2005
The trial date for one of five former natural gas traders who were indicted in late November on charges of reporting false trades has been pushed back to August from February, according to a published report. The trials of four other ex-traders also may be rescheduled.
December 29, 2004
Transportation Notes
Effective with Cycle 4 nominations Tuesday, El Paso lifted an Unauthorized Overpull Penalty notice that had been initiated Sunday.
December 29, 2004
Transportation Notes
El Paso canceled an Unauthorized Overpull Penalty situation, which had been declared Tuesday, effective with Cycle 3 nominations Friday. The pipeline also reported taking Roswell (NM) Station’s #3 compressor down to replace a turbocharger and to perform mechanical inspections. The action reduced capacity of the San Juan Crossover by 20 MMcf/d from a base capacity of 650 MMcf/d Friday. The constraint is expected to continue through Tuesday.
December 6, 2004
Transportation Notes
El Paso canceled an Unauthorized Overpull Penalty situation, which had been declared Tuesday, effective with Cycle 3 nominations Friday. The pipeline also reported taking Roswell (NM) Station’s #3 compressor down to replace a turbocharger and to perform mechanical inspections. The action reduced capacity of the San Juan Crossover by 20 MMcf/d from a base capacity of 650 MMcf/d Friday. The constraint is expected to continue through Tuesday.
December 6, 2004
Transportation Notes
Saying its Washington Ranch storage facility was experiencing maximum withdrawals, El Paso declared an Unauthorized Overpull Penalty situation Wednesday afternoon. It remained in effect Thursday.
October 29, 2004
Transportation Notes
Saying its Washington Ranch storage facility was experiencing maximum withdrawals, El Paso declared an Unauthorized Overpull Penalty situation Wednesday afternoon. It remained in effect Thursday.
October 29, 2004
Transportation Notes
El Paso lifting its unauthorized overpull penalty Wednesday. It also said TransColorado interconnect maintenance has been completed. The capacity through the point was raised Wednesday from 75 MMcf/d to 280 MMcf/d.
September 16, 2004
Transportation Notes
Because of its Washington Ranch storage facility experiencing maximum withdrawals, El Paso declared an Unauthorized Overpull Penalty situation Wednesday.
July 8, 2004
Transportation Notes
El Paso lifted Thursday an Unauthorized Overpull Penalty that had been declared Monday.
June 18, 2004
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
