Enforcement Civil Penalty Actions
Subject of investigation and ORDER and DATE | Total payment Civil Penalty, Disgorgement, Other |
Explanation of payments (civil penalty under the NGA, FPA, or NGPA; DISGORGEMENT OF PROFITS; other PAYMENTS) and compliance plans |
---|---|---|
In Re PJM Up to Congestion Transactions, 142 FERC ¶ 61,088 (February 1, 2013) |
$51,000 Civil Penalty $29,563 Disgorgement |
Civil penalty, disgorgement, and commitment to compliance training resulting from violations of 18 C.F.R. § 1c.2 (prohibition of electric energy market manipulation); individual trader agrees to refrain from trading in electricity markets and products for one year. |
Westar Energy, Inc., 142 FERC ¶ 61,066 (January 25, 2013) |
$420,000 Civil Penalty $1,153,836 Disgorgement |
Civil penalty, disgorgements, and compliance monitoring resulting from violations of Southwest Power Pool’s OATT (section 28.6). |
Deutsche Bank Energy Trading, LLC, 142 FERC ¶ 61,056 (January 22, 2013) | $1,500,000 Civil Penalty $172,645 Disgorgement |
Civil penalty, disgorgement, and compliance monitoring resulting from violations of 18 C.F.R. § 1c.2 (prohibition of electric energy market manipulation), 18 C.F.R. § 35.41(b) (prohibition of submission of false or misleading information or the omission of material information), and provisions of the CAISO tariff. |
In re Progress Energy Florida, Inc., 142 FERC ¶ 61,041 (January 16, 2013) | $80,000 Civil Penalty | Civil penalty and compliance monitoring resulting from violations of 18 C.F.R. § 35.10b (EQR filing requirements), Revised Public Utility Filing Requirements (Order No. 2001), PEF’s market based rate authority, and PEF’s cost based rates tariff. |
Total civil penalties for all years: $308,735,029
Total disgorgement for all years: $158,287,207