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Violation Tracker Individual Record

Company: Galt Power Inc.
Penalty: $1,872,297
Year: 2024
Date: June 28, 2024
Offense Group: competition-related offenses
Primary Offense: energy market violation
Violation Description: On June 28, 2024, the Commission approved the Stipulation and Consent Agreement (Agreement) between the Office of Enforcement (Enforcement) and Galt Power Inc., (Galt). The Agreement resolves Enforcement's investigation under Part 1b of the Commission's regulations, 18 C.F.R. Part 1b (2024), into whether Galt violated the Commission's Anti-Manipulation Rule, 18 C.F.R. section 1c.2 (2024), and section 222 of the Federal Power Act by repeatedly engaging in prohibited wash trades between the New York Independent System Operator and ISO New England Inc. markets between July 8, 2016 and April 23, 2019.
Level of Government: federal
Action Type: agency action
Agency: Federal Energy Regulatory Commission
Civil or Criminal Case: civil
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.