Violation Tracker Individual Record

Company: 
Vitol Inc.
Current Parent Company: 
Vitol
Penalty: 
$2,742,881
Year: 
2019
Date: 
October 25, 2019
Offense Group: 
competition-related offenses
Primary Offense: 
energy market violation
Violation Description: 

Following an Order to Show Cause proceeding, the Commission issued an Order Assessing Civil Penalties on October 25, 2019 against Vitol finding that it violated section 1c.2 of the Commission's regulations and section 222a of the Federal Power Act by selling physical power at a loss in the California Independent System Operator's wholesale electric market.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Energy Regulatory Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Switzerland
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
energy and commodity trading
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.