Duke Energy Trading and Marketing has agreed to pay $550,000 to settle charges of energy market manipulation, including participating in a variety of trading and power transportation schemes during the California’s 2000-2001 electricity crisis. The agreement was approved last Monday by an administration law judge with the Federal Energy Regulatory Commission.
Schemes
Articles from Schemes
Oregon Utilities, Industrials Get $8M Stemming from 2000-01 Price Spikes
Oregon Attorney General Hardy Myers last week announced the distribution of more than $8 million in restitution to Oregon utility companies — the bulk going to Portland General Electric (PGE) — and industrial customers for losses during the electricity price spikes of 2000-2001.
April 12, 2004
Energy America Receives Penalty for Michigan Marketing Schemes
Michigan Attorney General Jennifer M. Granholm announced Thursday that Energy America, North America’s largest unregulated energy wholesale company, will pay refunds to consumers, reform its marketing practices, and pay the state’s costs for its alleged violations of the Michigan Consumer Protection Act. The action came in response to over 600 customer complaints regarding Energy America’s Michigan natural gas marketing practices.
July 29, 2002
Energy America Receives Penalty for Michigan Marketing Schemes
Michigan Attorney General Jennifer M. Granholm announced Thursday that Energy America, North America’s largest unregulated energy wholesale company, will pay refunds to consumers, reform its marketing practices, and pay the state’s costs for its alleged violations of the Michigan Consumer Protection Act. The action came in response to over 600 customer complaints regarding Energy America’s Michigan natural gas marketing practices.
July 29, 2002
Energy America Receives Penalty for Michigan Marketing Schemes
Michigan Attorney General Jennifer M. Granholm announced Thursday that Energy America, North America’s largest unregulated energy wholesale company, will pay refunds to consumers, reform its marketing practices, and pay the state’s costs for its alleged violations of the Michigan Consumer Protection Act. The action came in response to over 600 customer complaints regarding Energy America’s Michigan natural gas marketing practices.
July 29, 2002
Enron Exec Fingers Skilling, Fastow as ‘Culprits’ in Partnership Schemes
Enron Corp., the energy trading company after which many competitors tried to model themselves, was being run by “swindlers,” namely former CEO Jeffrey Skilling and ex-CFO Andrew Fastow, a top-level Enron executive told House subcommittee members Thursday.
February 15, 2002
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