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Violation Tracker Individual Record

Company: Shell Energy North America (US), L.P.
Current Parent CompanyShell PLC
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Penalty: $951,683
Year: 2021
Date: June 15, 2021
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: energy market manipulation
Violation Description: The Commission and Shell Energy North America (US), L.P. (SENA) reached a settlement to resolve an investigation into whether SENA engaged in a related-positions fraudulent scheme involving physical trading for the purpose of benefiting related financial positions during the May 2016 bidweek (April 25-29, 2016), in violation of section 4A of the Natural Gas Act (NGA) and the Commission's Anti-Manipulation Rule, SENA stipulated to the facts set forth in Section II of the Agreement, but neither admitted nor denied the alleged violations. SENA also agreed to annual compliance monitoring for two years.
Level of Government: federal
Action Type: agency action
Agency: Federal Energy Regulatory Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: oil and gas
Specific Industry of Current Parent: oil & gas
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.