
The Federal Energy Regulatory Commission will hold a hearing on state claims that two energy companies received as much as $50 million from Connecticut ratepayers to provide power if needed at peak periods, with no intention of actually providing the electricity if asked.
The commission OK’d a hearing at the request of state Attorney General Richard Blumenthal and state Consumer Counsel Mary Healey on their claims against Brookfield Energy Marketing Inc. and Constellation Energy Commodities Group Inc.
ISO New England, a Holyoke, Mass.-based organization that oversees the region’s electricity markets, had stated in March as part of a separate proceeding that some energy providers had failed to deliver energy when requested. In May, ISO New England retracted those statements, saying the power was not actually needed, but Blumenthal and Healey pressed ahead with their complaint on grounds the companies never intended to deliver the power, and that by bidding to deliver power at allegedly abnormal prices they pushed up overall rates.
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