Coaltrain Ruling Clarifies FERC's Enforcement Powers

By Michael Brooks, Bob Pease, Stephen Hug, Serena Rwejuna and Sarah Rafie (April 17, 2018, 3:56 PM EDT) -- On March 30, 2018, the U.S. District Court for the Southern District of Ohio issued an opinion granting in part and denying in part motions to dismiss the Federal Energy Regulatory Commission's action seeking to enforce its assessment of civil penalties against Coaltrain Energy LP, the two co-owners of Coaltrain and three other individuals. FERC alleges that the defendants manipulated the PJM Interconnection LLC market by placing virtual transactions for the purpose of increasing Coaltrain's eligibility for marginal loss surplus allocation (MLSA) payments, and violated the prohibition on false and misleading statements contained in Section 35.41(b) of FERC's regulations by making false and misleading statements to FERC enforcement staff during the investigation of Coaltrain's conduct....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!