Civil Law

FERC Approves Civil Penalties for Alleged Violations of CAISO and PJM Market Rules

On March 28, 2022 and March 29, 2022, FERC issued two orders approving stipulation and consent agreements between FERC’s Office of Enforcement and Dynergy Marketing and Trade, LLC (“Dynergy”) and Constellation NewEnergy Inc. (“Constellation”), respectively. Among other things, Dynergy agreed to pay a $ 450,000 civil penalty for alleged violations of PJM Interconnection LLC (“PJM”) capacity tariff requirements and Constellation agreed to pay a $ 2.4 million civil penalty for alleged violations of California Independent System Operator (“CAISO”) resource adequacy … Read the rest