December 18, 2014
FERC Proposes $30 Million In Penalties Against Power Traders For Alleged Manipulation
FERC issued an order to show cause to Powhatan Energy Fund and related parties directing parties to show cause that they have not engaged in what FERC alleges are fraudulent Up To Congestion (UTC) transactions in PJM, and why they should not be subject to $30 million in penalties, plus disgorgement.