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FERC Orders 11 Firms to Fix Gas Reporting

May 01, 2003|From Reuters

The Federal Energy Regulatory Commission gave 11 energy trading firms 45 days to show that they have fixed problems in reporting accurate natural gas deals to trade publications.

In an order, FERC said the companies must show that they have instated internal procedures for reporting energy trades or that they no longer sell natural gas in the wholesale market.

Several companies named in the order, including American Electric Power Co., CMS Energy Corp., Dynegy Inc. and El Paso Corp., have admitted that their employees gave false data to industry publications.

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