
FERC Fines Ketchup Caddy $27M for MISO Fraud
The Federal Energy Regulatory Commission (FERC) has imposed a $27 million penalty on Ketchup Caddy LLC for engaging in fraudulent practices within the Midcontinent Independent System Operator (MISO) demand response program. This decision marks a significant move in FERC's ongoing efforts to safeguard the integrity of energy markets and deter manipulation.
Understanding the Case
The demand response program is a vital component of energy markets, designed to promote grid stability by incentivizing consumers to reduce...