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Violation Tracker Individual Record

Company: Dynegy Marketing & Trade, LLC
Current Parent CompanyVistra Energy
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $469,425
Year: 2022
Date: March 28, 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 Dynegy.  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 into whether Dynegy's Real-Time energy market offers in Summer 2017 for ten GE 7FA (7FA) dual-fuel combustion turbines in the PJM market misrepresented that the units could ramp to their maximum oil-based output attained during their capacity tests (ICAP) while running on gas. Staff's investigation determined that Dynegy's conduct violated 18 C.F.R. § 35.41(b) and Section 1.7.19 of Schedule 1 of the Amended and Restated Operating Agreement and Attachment K – Appendix of the PJM Open Access Transmission Tariff, which requires each unit to be able to change output at the ramping rate specified in the Offer Data.
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: Texas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: utilities and power generation
Specific Industry of Current Parent: power systems
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.