Mirant settles price-reporting charges
A subsidiary of Atlanta-based energy company Mirant has settled charges with the US Commodity Futures Trading Commission (CFTC) of false reporting of natural gas prices. The commission found that Mirant Americas Energy Marketing (MAEM) traders made false reports to gas price compilers from January 2000 to December 2001 and has ordered the company to pay a penalty of $12.5 million.
The false reports submitted by MAEM included false price, volume and/or counterparty information concerning natural gas
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