FERC's Thought Process On Market Manipulation

Law360, New York (November 3, 2008, 12:00 AM EST) -- On Sept. 29, 2008, the Federal Energy Regulatory Commission (FERC) rejected a complaint by DC Energy LLC, alleging that Hydro Quebec Energy Services (U.S.) Inc., exercised market power to unlawfully affect congestion and energy pricing in the New York Independent System Operator, Inc., (NYISO) energy and Transmission Congestion Credit (TCC) markets.

Importantly, it seems that this order is not only a resolution of a specific complaint, but also is intended by FERC to provide guidance to market participants about the FERC enforcement staff's thought process regarding...
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