A unit of Constellation Energy Group will pay a $5 million civil penalty and disgorge $1.9 million in profits for violating natural gas shipping rules set by the Federal Energy Regulatory Commission (FERC), the agency said Tuesday.
Constellation NewEnergy-Gas Division violated agency "capacity release rules," which bar circumventing competitive bidding requirement for discounted released capacity, the agency said. "The capacity release rules are a long-standing, well-known and critical element of our gas transportation open-access program and we expect market participants to play by those rules," FERC Chairman Joseph Kelliher said.