CP Energy Marketing Settlement
CP Energy Marketing Case Settles for $25,000
An investigation by ARB indicated that CP Energy Marketing may have violated a portion of California’s Cap-and-Trade regulation, 17 Cal. Code of Regulations §95801 et seq. Specifically, those regulations prohibit disclosing information regarding auction participation, including whether an entity will be participating and information regarding bidding behavior. The company cooperated in ARB’s investigation, which indicated a limited disclosure in a confidential context. To resolve the matter, the company changed its practices and agreed to pay a penalty of $25,000.