EnergyMore in Energy→
FERC orders $1.1 billion penalty in alleged American Efficient market fraud
Federal regulators say American Efficient and affiliated companies manipulated capacity markets in PJM and MISO, leading to one of the largest fraud cases in FERC history.
Key Takeaways
- FERC ordered American Efficient and affiliates to pay about $1.1 billion.
- The commission says the companies sold efficiency resources they did not control or that were not additional.
DE
DT Editorial Team··via utilitydive.com