FERC approves settlement with Canadian utility in California Crisis
The agreement settles allegations that Powerex used trading tactics to inflate energy prices during the 2000-01 crisis.
Last year, FERC commissioners ordered some 43 major utilities, smaller energy traders and city-owned utilities to prove they did not violate trading rules to boost profits.
Powerex and other companies denied any wrongdoing and said the soaring electricity costs simply reflected market conditions and California's poorly designed electricity deregulation plan. Powerex will return $1.3 million in revenues to its customers to settle charges that it "participated in alleged gaming practices" with failed energy trading giant Enron Corp., FERC said in its order.
The utility, owned by the province of British Columbia, welcomed the initial deal reached with FERC trial staff in October as a way to end costly litigation.
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NT Power Penalized $75,000 for Delayed Disconnection Notices
NEWMARKET - The Ontario Energy Board recently ruled against Newmarket-Tay Power Distribution Ltd. (NT Power), fining them $75,000 for failing to issue timely disconnection notices to 870 customers between April and August 2022. These notices did not comply with the Ontario Energy Board's distribution system code, which mandates a minimum 14-day notice period before disconnection.
Out of the affected customers, ten had their electricity services disconnected, and six were additionally charged reconnection fees. However, NT Power has since reconnected all disconnected customers and refunded the reconnection fees, as confirmed by the Ontario Energy Board.
In response to these issues, NT Power has…
