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Violation Tracker Individual Record

Company: Constellation NewEnergy, Inc.
Current Parent CompanyConstellation Energy Corporation
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $2,400,000
Year: 2022
Date: March 29, 2022
Offense Group: competition-related offenses
Primary Offense: energy market violation
Violation Description: The Commission approved a Stipulation and Consent Agreement between FERC's Office of Enforcement and CNE.  In the Order the Commission found the settlement is in the public interest because the Agreement resolves on fair and equitable terms Enforcement's investigation under Part 1b of the Commission's regulations, 18 C.F.R. Part 1b (2021), into whether CNE complied with the pertinent California Independent System Operator (CAISO) tariff provisions regarding the treatment of imports for Resource Adequacy (RA) purposes. CNE stipulates to the facts set forth in Section II of the Agreement, but neither admits nor denies the alleged violations.
Level of Government: federal
Action Type: agency action
Agency: Federal Energy Regulatory Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Maryland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: utilities and power generation
Specific Industry of Current Parent: electricity generation and distribution
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.