September 26, 2016
Canada's Maxim Power Corp. has agreed to pay $8 million to resolve allegations brought by the Federal Energy Regulatory Commission that the power producer manipulated electricity prices in New England, the agency said Monday.
July 25, 2016
A federal judge's recent ruling that the Federal Energy Regulatory Commission must go through a full court case, as opposed to merely having the judge review the agency's proceedings, to enforce a market manipulation penalty against Maxim Power Corp. could drag out the enforcement process and improve companies' chances of defeating FERC's allegations, experts say.
July 22, 2016
In a ruling that could chart the course for other enforcement actions, a Massachusetts federal judge ruled Thursday that the Federal Energy Regulatory Commission will have to undergo a typical civil proceeding, including a jury trial if necessary, in its bid to enforce a $5 million market manipulation penalty against Maxim Power.