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FERC v. City Power Marketing — The Commission’s First Enforcement Settlement Since Regaining Quorum: Insights from Nutter’s Matt Connolly
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Matt Connolly, a senior associate in Nutter’s Litigation Department, discussed the Federal Energy Regulatory Commission (FERC) issuing its first enforcement order since regaining a quorum in Nutter Insights. Matt commented on what the case, FERC v. City Power Marketing, LLC, entails; the key terms of the settlement; and if this settlement suggests a shift in priorities or trends for FERC. According to Matt, FERC has previously rigidly applied its Penalty Guidelines to entities in market manipulation cases, rarely deviating unless a defendant shows financial hardship. That may be changing.
