Energy Enforcement Update

This week’s enforcement update covers:

  • CFTC announces Insider Trading & Information Protection Task Force;
  • FERC approves settlement with Wheelabrator Technologies Inc. related to capacity payments;
  • Second Circuit upholds New York zero emission credits for nuclear facilities;
  • Petrobras pays over $1.7 billion to settle corruption charges with U.S. and Brazilian authorities;
  • Judge denies Powhatan and Chen motion to dismiss on statute of limitations grounds;
  • CFTC finds Mizuho Bank, Ltd. engaged in spoofing of Treasury futures and Eurodollar futures;
  • CFTC finds that proprietary trading firm Geneva Trading USA, LLC engaged in spoofing;
  • FERC Enforcement requests that Commission vacate Order to Show Cause to Footprint; and
  • CFTC orders futures trader and trading firm to pay $2.3 million in penalties for spoofing and manipulative scheme.

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Sidley Environmental Trends

Topics discussed this week include

  • Fifth Circuit allows possibility of injunctive relief for time-barred NSR claims.
  • Supreme Court denies cert. for two environmental cases.
  • Environmental groups challenge Oklahoma coal ash permitting scheme.
  • FERC-approved pipelines stopped as Commission nominee gets hearing.
  • PHMSA rescinds electronic braking rule for crude oil trains.

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