Reliant settles with Ferc

The US Federal Energy Regulatory Commission (Ferc) has come to a settlement with subsidiaries of Houston-based Reliant Resources to settle all inquiries, investigations and proceedings instituted by Ferc involving the energy firm. The inquiries concern the energy regulator’s review of Californian energy market manipulation. The settlement could cost Reliant up to $50 million, says Ferc.

October’s settlement agreement – Ferc’s largest ever – addressesallegations regarding

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