FERC Threatens Penalties In Gas Market Activities

Law360, New York (August 1, 2007, 12:00 AM EDT) -- On July 26, 2007, the Federal Energy Regulatory Commission issued two separate show cause orders regarding activities in the natural gas markets. Amaranth Advisors LLLC et al., 120 FERC ¶ 61,085 (2007); Energy Transfer Partners LP 120 FERC ¶ 61,086 (2007).

In total, the parties to the two cases face potential civil penalties and related remedies that exceed $450 million on an aggregate basis. FERC is acting in part under its new enforcement authority over manipulative and deceptive practices in jurisdictional natural gas markets, authority that...
To view the full article, register now.