(Note: all files are in pdf format)
|Issue Date||Subject of Investigation||Description of Alleged Misconduct||Dates of Alleged Misconduct|
|November 3, 2014*|| Maxim Power Corporation, John Bobenic, and Kyle Mitton
||Violation by Maxim Power Corporation (Maxim) of the Commission’s Anti-Manipulation Rule through gaming the ISO-NE mitigation tool, falsely offering its units on oil when in fact it burned natural gas, and artificially inflating the capacity of its units for capacity tests. By offering its units on oil and then burning gas, as well as by artificially inflating the capacity of its units for capacity tests, Maxim also violated 18 C.F.R. 35.41(b).||2010–2013|
|August 25, 2014*|| City Power Marketing, LLC and K. Stephen Tsingas
||Violation by City Power and Tsingas of Commission’s Anti-Manipulation Rule through Up To Congestion transactions in PJM regional market designed to falsely appear to be spread trades but in fact aimed at collecting Marginal Loss Surplus Allocation payments.
Violation by City Power of 18 C.F.R. 35.41(b) through false statements and omissions (by Tsingas) in sworn deposition testimony and data responses.
|July 2010 (violation of Anti-Manipulation Rule); October 2010-August 2014 (violation of 35 C.F.R. 35.41(b)).|
|August 5, 2014||Houlian ‘Alan’ Chen; HEEP Fund Inc., CU Fund Inc (which were solely owned and operated by Chen); and Powhatan Energy Fund, LLC
||Chen and the three funds for which he traded (HEEP Fund, Inc., CU Fund, Inc., and Powhatan Energy Fund, LLC) are alleged to have violated the Commission’s Anti-Market Manipulation Rule, 18 C.F.R. § 1c.2 (2013), by placing large volumes of offsetting Up To Congestion spread trades in PJM as an intentional strategy designed to cancel out the financial consequences of the spreads in order to improperly collect large payments, known as “Marginal Loss Surplus Allocation” from PJM.||June 1, 2010–August 3, 2010|
|July 9, 2014*||Direct Energy LLC
||The subject is alleged to have violated the Commission’s Anti-Market Manipulation Rule, 18 C.F.R. § 1c.1 (2013), by manipulating natural gas prices during May 2012 at Algonquin and Transco Zone 6 in order to benefit its related financial positions.||May 1, 2, 7, 8, 9, and 11, 2012.|
|June 12, 2014*||Twin Cities Power-Canada, U.L.C., Twin Cities Energy, L.L.C., Twin Cities Power, LLC, Allan Cho, Jason F. Vaccaro, Gaurav Sharma
||The subjects are alleged to have violated the Commission's Prohibition of Electric Energy Market Manipulation, 18 C.F.R. 1c.2 (2013) by scheduling and trading physical power in MISO to benefit related swap positions that settle off of real-time MISO prices.||January 1, 2010–January 31, 2011|
|April 1, 2014*|| Indianapolis Power & Light
||IPL is alleged to have violated the Midcontinent Independent System Operator Energy and Operating Reserve Markets Tariff (MISO Tariff) when it operated its Petersburg 2 unit at a derated capacity during two days in July 2012 but failed to adjust the unit’s real-time offer to reflect the derate.||July 5–6, 2012|
|February 11, 2014*|| International Transmission Company
Michigan Electric Transmission Company, LLC
ITC Midwest LLC
ITC Great Plains, LLC
||The ITC Companies are alleged to have violated Section 203(a)(1)(B) and 205 of the Federal Power Act and/or Part 33 as well as Part 35 of the Commission’s regulations, by acquiring certain Commission-jurisdictional transmission assets without prior Commission approval and failing to timely file Commission-jurisdictional agreements.||Period between 2003 and 2011|
|January 22, 2014*|| Arizona Public Service;
California Independent System Operator; Imperial Irrigation District;
Southern California Edison; Western Area Power Administration-Desert Southwest Region;
Western Electricity Coordinating Council Reliability Coordinator
||The entities are alleged to have violated various mandatory Reliability Standards, as set forth in the Notice of Alleged Violations, in connection with a system disturbance on September 8, 2011.||Period surrounding and including September 8, 2011.|
|January 6, 2014*|| Louis Dreyfus Energy Services L.P.
||Louis Dreyfus Energy Services L.P. is alleged to have violated the Commission’s Prohibition of Electric Market Manipulation, 18 C.F.R. § 1c.2 (2013), when it engaged in virtual trading at a node in North Dakota, which enhanced the value of its nearby Financial Transmission Rights.||November 2009–February 2010|
* Indicates that the investigation has been resolved through settlement. See Civil Penalty Actions for more information.