Responding to FERC’s threat to revoke the energy marketing privileges of wrongdoers, Reliant Energy Services last week acknowledged the actions of one of its power traders were “plainly wrong,” but it asked the agency for leniency in light of the trading reforms enacted at the company. BP Energy Co. apologized for the misconduct of one of its traders and asked for mercy as well. A group of Enron Corp. power and gas marketers, however, challenged the Commission’s action, claiming it was based on faulty and “ambiguous” charges.
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Reliant, BP Ask for Leniency; Enron Marketers Go on the Attack
Responding to FERC’s threat to revoke the energy marketing privileges of wrongdoers, Reliant Energy Services acknowledged the actions of its power trader were “plainly wrong,” but it asked the agency for leniency in light of the trading reforms enacted at the company. BP Energy Co. apologized for the misconduct of one of its traders and asked for mercy as well. A group of Enron Corp. power and gas marketers, however, challenged the Commission’s action, claiming it was based on faulty and “ambiguous” charges.
April 21, 2003
AGL Loses Large Buyer Discounting Privileges
The Georgia Public Service Commission has refused to approvethree industrial supply deals signed by Atlanta Gas Light becausethe LDC filed to become a part of Georgia’s competitive gas market.
February 23, 1998
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