FERC issued the attached order to show cause in another Up To Congestion trading case, naming Coaltrain Energy, LP and several individuals.
Our team replaced prior counsel and is representing Coaltrain in this matter. In response to press inquiries, Coaltrain released the following statement:
“Coaltrain disagrees with the FERC’s order to show cause and the staff report on which it is based. Coaltrain remains confident that its activities have complied with all requirements and its communications with the Commission, FERC staff and PJM’s market monitor have been honest and forthright, said Ken Irvin, partner with Sidley Austin LLP and counsel to Coaltrain. Coaltrain has fully cooperated with FERC throughout this investigation and expects to be exonerated after a fair and full assessment of the facts.”