David Gale's letter to Rt Hon Ed Miliband MP, Secretary of State for Energy Security & Net Zero dated 12th July 2024. It includes a summary of #EnergyFraud issues, to include concealment of IT bugs an...

Sky News's Paul Kelso explains why borrowing costs are going up and why it matters.

Durham-based energy company American Efficient LLC has filed for Chapter 11 bankruptcy protection following a substantial financial penalty levied by federal regulators. The company initiated the proceedings on July 18 in US Bankruptcy Court for the Western District of North Carolina, listing assets valued between $1 million and $10 million while owing approximately $1.4 billion.

Federal Energy Regulatory Commission Imposes $1.1 Billion Penalty for Alleged Capacity Market Fraud The Federal Energy Regulatory Commission (FERC) issued an order on April 15, 2026, requiring six affiliated companies to return approximately $410 million in unjust profits, plus interest, and to pay a $722 million civil penalty, totaling roughly $1.1 billion. The companies, collectively

Federal Energy Regulatory Commission Levies $1.1 Billion Penalty in Capacity Market Fraud Case The Federal Energy Regulatory Commission (FERC) has issued an order mandating six affiliated companies to return approximately $410 million in unjust profits, along with interest, and pay a $722 million civil penalty, totaling roughly $1.1 billion. The action follows a five-year investigation

**FERC Imposes $722 Million Penalty on American Efficient for Market Fraud** Federal regulators have levied a substantial $722 million civil penalty and ordered the return of approximately $410 million in unjust profits against American Efficient, LLC, and its affiliates. The Federal Energy Regulatory Commission (FERC) found the company engaged in a decade-long fraudulent scheme involving

Federal Energy Regulatory Commission Orders $1.1 Billion Penalty for American Efficient The Federal Energy Regulatory Commission (FERC) has ordered American Efficient and its affiliated companies to pay $1.1 billion in disgorgement and civil penalties, citing what it described as “one of the largest and most brazen frauds” in the agency’s history. The order, issued on

**Energy Company Faces Billions in Penalties for Alleged Market Fraud** The Federal Energy Regulatory Commission (FERC) has ordered American Efficient and its affiliated companies to pay $1.1 billion in penalties and disgorgement, citing what it calls one of the largest instances of fraud in the agency's history. The order, issued April 16, 2026, stems from

Federal Agency Levies $722 Million Fine Against Durham Energy Firm The Federal Energy Regulatory Commission (FERC) has penalized Durham-based American Efficient $722 million and ordered the company to repay over $410 million in alleged “unjust profits” related to its energy efficiency program. In a ruling issued April 15, FERC asserts that American Efficient withheld crucial

Federal regulators have taken action against Durham-based energy firms, imposing a $722 million penalty on American Efficient and mandating repayment of $409.8 million, plus accrued interest, to PJM Interconnection and another power grid operator. The Federal Energy Regulatory Commission (FERC) described the alleged actions as “one of the largest and most brazen frauds” it has

Federal regulators have ordered American Efficient, Modern Energy Group, and affiliated companies to pay $1.1 billion for what they describe as a fraudulent scheme involving energy efficiency products. The Federal Energy Regulatory Commission (FERC) determined that American Efficient’s actions significantly disrupted organized capacity markets and increased costs for consumers. The commission found that American Efficient

The Federal Energy Regulatory Commission has ordered American Efficient, Modern Energy Group, and related companies to pay $1.1 billion for a fraudulent scheme involving energy efficiency products. The order, issued April 15, 2026, includes a $722 million fine and mandates the repayment of approximately $410 million in unjust profits, including interest. This sum will be

Terra-Gen, the company planning a lithium-ion battery facility in Ulster, New York, is facing a $5.63 million penalty for manipulating electricity sales at two California facilities. The U.S. Federal Energy Regulatory Commission determined that Terra-Gen unjustly profited $681,007 from the California Independent System Operator (CAISO). The settlement agreement, reached April 7, revealed Terra-Gen registered the

David Gale's letter to Rt Hon Ed Miliband MP, Secretary of State for Energy Security & Net Zero dated 12th July 2024. It includes a summary of #EnergyFraud issues, to include concealment of IT bugs an...

We demand a criminal investigation of UK consumer energy companies #EnergyFraud