Released on: Feb. 12, 2013
Taken from the briefing FERC: Policing the Physical Energy Markets recorded January, 2013.
The Federal Energy Regulatory Commission (FERC) became an enforcement agency in 2005 when Congress enacted the Energy Policy Act, which authorized the agency, inter alia, to impose million-dollar a day penalties and police against manipulation of the physical electric energy and natural gas markets. FERC implemented this authority by issuing policy ...