Exelon Settles FERC Claim That Grid Operator Got Bad Info

Law360, New York (October 21, 2013, 5:58 PM EDT) -- Exelon Corp. has agreed to pay more than $645,000 in penalties and undertake compliance reporting after an investigation by the Federal Energy Regulatory Commission revealed that its subsidiary submitted inaccurate information to California’s power grid operator, FERC said Friday.

FERC began investigating Constellation Energy Commodities Group following a referral by the California Independent System Operator Corp.’s department of market monitoring to determine whether it violated the commission's regulations by incorrectly submitting bids and engaging in transactions incorrectly designated as “wheeling through.”

According to FERC, Exelon admitted...
To view the full article, register now.