Validity

Major energy providers and users alike last week attacked FERC staff’s efforts to establish a new pricing formula that would lower the purchase costs power generators could legitimately claim for natural gas used to produce electricity during the California energy crisis nearly two years ago — a move that, if successful, would raise the level of potential refunds owed by generators to state energy consumers. They urged the Commission to jettison staff’s proposed pricing alternative, arguing staff fell far short of proving that the conventional method used for computing generators’ gas costs — published price indices — had been successfully manipulated to the point where gas prices were inflated.

IntercontinentalExchange (ICE) said last Thursday it is implementing a number of “fair trading” initiatives to detect false trades and ensure the validity of trades and prices recorded on its commodity trading platform.

IntercontinentalExchange (ICE) said Thursday it is implementing a number of “fair trading” initiatives to detect false trades and ensure the validity of trades and prices recorded on its commodity trading platform.