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...
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