Eyeing the pricing
US energy regulators are keeping an ever-more-watchful eye on gas and power price reporting – but are they finally flexing their muscles appropriately? Paul Lyon reports
Duke Energy Trading and Marketing (DETM) last month agreed to pay $28 million to settle federal charges that it manipulated the US natural gas market between 2000 and 2002. It thereby became the latest in a string of energy trading companies to pay multi-million-dollar fines to resolve market-tampering allegations by US regulators.
The US Commodity Futures Trading Commission found that from at least January 2000 to August 2002, DETM’s Houston offices reported false information,
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