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Federal Energy Regulatory Commission v. Coaltrain Energy, L.P. et al

  1. October 12, 2022

    Pa. Trading Firm Pays $4M To End FERC Manipulation Case

    A shuttered Pennsylvania trading firm will repay the nation's largest regional grid operator $4 million to end an electricity market manipulation case, according to a settlement agreement approved by the Federal Energy Regulatory Commission on Tuesday.

  2. March 03, 2022

    FERC Can't Appeal Loss In Energy Market Manipulation Case

    The Federal Energy Regulatory Commission has lost its bid to appeal the rejection of its attempt to penalize the co-owners of a Pennsylvania trading firm in an electricity market manipulation case, an Ohio federal judge ruled, reasoning that it would prolong the case unnecessarily.

  3. November 29, 2021

    Judge Trims Scope Of FERC Power Market Manipulation Case

    An Ohio federal judge on Monday rejected the Federal Energy Regulatory Commission's efforts to impose personal liability and disgorgement on co-owners of a shuttered Pennsylvania trading firm in an electricity market manipulation case, saying district courts can only decide whether FERC can enforce civil penalties.

  4. February 28, 2020

    FERC Says Facts, Law On Its Side In $42M Manipulation Case

    The Federal Energy Regulatory Commission on Friday said a Pennsylvania trading firm and some of its traders can't evade $42 million in penalties over an alleged market manipulation scam, saying the penalties are grounded in both solid law and solid evidence.

  5. March 30, 2018

    Pa. Trading Firm Can't Ditch FERC's $42M Manipulation Case

    An Ohio federal judge on Friday refused to dismiss the bulk of the Federal Energy Regulatory Commission's effort to enforce $42 million in penalties it levied against a Pennsylvania trading firm and some of its traders over an alleged market manipulation scam, agreeing the alleged conduct constituted improper activity.

  6. November 09, 2016

    FERC $42M Manipulation Case Is Baseless, Trading Firm Says

    A shuttered Pennsylvania trading firm has told a federal judge that the Federal Energy Regulatory Commission's failure to properly articulate its standards for acceptable electricity market transactions doomed its bid to seek $42 million in penalties for alleged manipulative trading activity.

  7. October 21, 2016

    FERC Says $42M Pa. Trader Manipulation Case Is Rock Solid

    The Federal Energy Regulatory Commission on Thursday told an Ohio federal judge that its bid to enforce $42 million in market manipulation penalties against a now-shuttered Pennsylvania trading firm and energy traders was sound because the trading activity it red-flagged clearly violated FERC's anti-manipulation rule.

  8. September 27, 2016

    Pa. Traders Ask Court To Nix FERC's $42M Manipulation Fine

    A Pennsylvania trading firm and its energy traders urged an Ohio federal court to toss the Federal Energy Regulatory Commission's bid to enforce $42 million in market manipulation penalties, saying even if FERC's allegations were true, they wouldn't amount to illegal activity.

  9. July 27, 2016

    FERC Asks Court To OK Pa. Trader's $42M Manipulation Fine

    The Federal Energy Regulatory Commission on Wednesday urged an Ohio federal judge to affirm $42 million in penalties and disgorgement it imposed on a shuttered Pennsylvania trading firm and its employees for alleged electricity market manipulation, allegations the firm insists are unfounded.