Feds fine Durham energy firm $722M
Federal regulators have fined a Durham-based energy-efficiency trader $722 million, saying it’s behind “one of the largest and most brazen frauds” they’ve ever seen. The Federal Energy Regulatory Commission also ordered American Efficient and its corporate parents and siblings to return $409.8 million, plus interest, to the PJM Interconnection and another power-grid operator. Released on […]