Reuters logo
FERC seeks BP fine of $28 mln for natgas market manipulation
August 5, 2013 / 12:47 PM / 4 years ago

FERC seeks BP fine of $28 mln for natgas market manipulation

Aug 5 (Reuters) - U.S. federal energy regulators on Monday ordered BP Plc to show cause why a unit of the British oil company should not be found to have manipulated the natural gas market and to pay a fine of $28 million and disgorge $800,000 plus interest.

The Federal Energy Regulatory Commission’s (FERC) Office of Enforcement alleged BP manipulated the next-day, fixed-price gas market at Houston Ship Channel from mid-September 2008 through November of that year.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below