Total Gas & Power North America Inc. (TGPNA) ran up against another roadblock in its lengthy dispute with FERC Thursday when an appeals court turned away the company’s argument that the agency does not have the authority to adjudicate violations of the Natural Gas Act (NGA) and to impose civil penalties on violators.
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FERC should not make the “findings” on disputed facts and issues in a case involving Total Gas & Power North America Inc. (TGPNA), as previously recommended by enforcement staff, and should instead dismiss most of staff’s claims, pursuing any remaining allegations in federal district court, the company said in a motion filed with the agency Tuesday.
January 18, 2017
FERC, Total SA Continue Market Manipulation Battle in Texas Court
Total Gas & Power North America Inc. (TGPNA) has asked a federal district court judge to reconsider a decision that the company may not defend itself against FERC enforcement staff allegations of natural gas trading manipulation in court — a conclusion that would effectively return the case to the Commission.
August 31, 2016
Texas Court Throws Total’s Market Manipulation Charges Back Into FERC Bailiwick
Total Gas & Power North America Inc.’s (TGPNA) efforts to move its defense against FERC enforcement staff allegations of three years of natural gas trading manipulation from the regulatory agency to a federal district court were hamstrung Friday when the court tossed out that request.
July 18, 2016
Total Challenges FERC Jurisdiction Over Manipulation Charges in Federal Court
Total Gas & Power North America Inc. (TGPNA) has taken its defense against a recent FERC enforcement staff allegation of three years of natural gas trading manipulation in the Southwest to a federal district court in Texas. The Total SA unit contends the federal courts are the only place where alleged violations of the federal Natural Gas Act (NGA) can be sorted out.
May 10, 2016
Total Challenges FERC Jurisdiction Over Manipulation Charges in Federal Court
Total Gas & Power North America Inc. (TGPNA) has taken its defense against a recent FERC enforcement staff allegation of three years of natural gas trading manipulation in the Southwest to a federal district court in Texas. The Total SA unit contends the federal courts are the only place where alleged violations of the federal Natural Gas Act (NGA) can be sorted out.
May 10, 2016
FERC Staff Seeks $226M in Penalties Against Total U.S. Gas Traders
Total Gas & Power North America Inc. (TGPNA) has asked for more time to respond to the show cause order proposed last Thursday by FERC’s Office of Enforcement (OE) alleging natural gas market manipulation against the company and two of its trading managers and recommending civil penalties of nearly $226 million. The trades allegedly took place at four Southwest locations over the period of June 2009 to June 2012.
May 3, 2016
FERC Staff Seeks $226M in Penalties Against Total U.S. Gas Traders
Total Gas & Power North America Inc. (TGPNA) has asked for more time to respond to the show cause order proposed last Thursday by FERC’s Office of Enforcement (OE) alleging natural gas market manipulation against the company and two of its trading managers and recommending civil penalties of nearly $226 million. The trades allegedly took place at four Southwest locations over the period of June 2009 to June 2012.
May 3, 2016
CFTC Settles Charges Against Total Gas & Power for $3.6M
The U.S. Commodity Futures Trading Commission (CFTC) on Monday issued an order against Total Gas & Power North America (TGPNA) and one of its West Desk traders bringing and settling charges for attempted manipulation of natural gas monthly index settlement prices during bidweeks at four major trading hubs in Texas and elsewhere in the Southwest.
December 7, 2015
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