Dynergy CFO to settle fraud charges
SANTA ROSA, CALIFORNIA - A former chief financial officer of energy company Dynegy Inc. is paying $376,560 to settle federal regulators' charges that he played a role in an alleged $300 million fraudulent accounting scheme in 2001.
The Securities and Exchange Commission announced the settlement with the former finance chief, Robert Doty Jr., who agreed to pay a civil fine of $120,000 and restitution of $200,000 plus $56,560 in interest. Doty also was barred for five years from serving as an officer, director or accountant of any public company.
Two other former Dynegy executives, former vice president of taxation Gene Foster and former in-house accountant Helen Sharkey, also settled the SEC's charges.
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BC Hydro: 2021 was a record-breaking year for electricity demand
VANCOUVER - From June’s heat dome to December’s extreme cold, 2021 was a record-setting year, according to BC Hydro.
On Friday, the energy company released a new report on electricity demand, and how extreme temperatures over extended periods of time led to record peak loads.
“We use peak loads to describe the electricity demand in the province during the highest load hour of each day,” Kyle Donaldson, BC Hydro spokesperson, said in a media release.
“With the heat dome in the summer and the sustained cold temperatures in December, we saw more record-breaking hours on more days last year than any other single…
