FERC Grants Hearing On New England Power Claims

Law360, New York (August 25, 2009, 6:31 PM EDT) -- The Federal Energy Regulatory Commission has granted an investigative hearing on allegations that New England power companies manipulated the energy market.

FERC filed notice Tuesday that it would grant a hearing before Administrative Law Judge H. Peter Young, after Connecticut Attorney General Richard Blumenthal leveled complaints in April over the bidding activity and market monitoring structure of several power companies.

The companies — ISO New England Inc., Brookfield Energy Marketing Inc., HQ Energy Services U.S. Inc., Constellation Energy Commodities Group Inc. and others — submitted high...
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