FERC ALJ Issues Final Report on Distribution of Funds Disgorged by Alleged NYISO Energy Market Manipulator

FERC Deputy Chief Administrative Law Judge Bobbie J. McCartney has issued a Final Report to FERC on the distribution of $104 million disgorged by alleged NYISO market manipulator Constellation Energy Commodities Group.

New York’s allocation of $78 million was disbursed on April 30, 2013 to NYSERDA, for eventual distribution as one-time bill credits to customers ($48 million), for consumer advocacy on wholesale power issues ($10 million @ $1 million/year for 10 years, and for novel transmission projects ($20 million).

There has been no announcement regarding NYSERDA’s schedule for distribution of the funds.  See PULP Network, March 25, 2013, New York PSC Asks FERC to Disburse $78 Million from NYISO Market Manipulation Settlement Fund; When Will Customers Receive their $48 Million Bill Credits?

WEDNESDAY, FEBRUARY 20, 2013
WEDNESDAY, SEPTEMBER 19, 2012

FERC ALJ Sets Date for Comments and Oral Argument Regarding Use of $104 Million Fund Disgorged by Alleged NYISO Market Gamers


MONDAY, SEPTEMBER 10, 2012
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