FERC Seeks $5M from Maxim Power; Clark Dissents
The Federal Energy Regulatory Commission issued an order to show cause against Maxim Power yesterday, telling the Canadian independent power producer to explain why it shouldn’t have to pay a $5 million fine for allegedly misrepresenting the output of three of its generators in ISO-NE (IN15-4).
FERC says that in July and August of 2010, when asked about the company’s offers on the day-ahead market, Maxim employee Kyle Mitton told ISO-NE’s Market Monitor that the generators were unable to procure gas, so it was forced to burn more expensive oil.
