FERC Majority Brings Enforcement Action Against Canadian-Managed U.S. Power Generator That Allegedly Sought to Collect ISO-New England Reimbursements for Standby Role Based on High Fuel Oil Costs When In Fact Cheaper Natural Gas Was Used and Available
A majority of Commissioners at FERC supported an order to show cause issued on 2/2/15, plus a notice of proposed penalty naming possible violators of its power market manipulation rules as follows: Maxim Power Corp., Maxim Power (USA), Inc., Maxim Power (USA) Holding Co. Inc., Pawtucket Power Holding Co., LLC, Pittsfield Generating Co., LP (collectively […]
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