Violators

Southern Company Services (SCS) agreed to pay $350,000 as FERC continued its crackdown on violators of the agency’s capacity-release rules, including the shipper-must-have-title (SMHT) requirement and the prohibition on buy-sell transactions.

For anyone who was keeping score, it seemed the Commodity Futures Trading Commission (CFTC) was collecting far more money from energy companies in penalties and settlements than the Federal Energy Regulatory Commission over the past year. But that’s not what the totals show. FERC, in fact, obtained over $100 million more from energy firms than the CFTC, according to the Department of Justice’s (DOJ) review of the second-year performance of the president’s Corporate Fraud Task Force.

For anyone who was keeping score, it seemed the Commodity Futures Trading Commission (CFTC) was collecting far more money from energy companies in penalties and settlements than the Federal Energy Regulatory Commission over the past year. But that’s not what the totals show. FERC, in fact, obtained over $100 million more from energy firms than the CFTC, according to the Department of Justice’s (DOJ) review of the second-year performance of the president’s Corporate Fraud Task Force.