FERC Says Maine Cos. Should Pay $30M For Gaming Market

Law360, New York (July 19, 2012, 6:55 PM EDT) -- The Federal Energy Regulatory Commission has proposed $30 million in fines and penalties against three Maine companies, saying they manipulated a regional grid-balancing system to wrongly receive payments for reducing their power demand, costing consumers millions, according to documents released by the agency Tuesday.

Based on reports by the FERC Office of Enforcement, the regulator alleges that between July 2007 and February 2008, paper manufacturers Rumford Paper Co. and Lincoln Paper and Tissue LLC and consulting firm Competitive Energy Services LLC manipulated the Day-Ahead Load Response...
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