"Focus Energy" piece on three Maine companies that have been accused by the Fede
Date
9-3-2012
Pages
24-26
Abstract
"Focus Energy" piece on three Maine companies that have been accused by the Federal Energy Regulatory Commission (FERC) of market manipulation. FERC has charged Lincoln Paper & Tissue, the Rumford Paper Co., and Competitive Energy Services, along with energy consultant Richard Silkman, with defrauding a program designed to encourage energy conservation through a maneuver called demand response. In a demand response situation, a company can reduce the number of megawatts they use during a certain period for a fee. According to FERC, these companies pretended to reduce their energy consumption under the demand-response system without actually doing so. All of the accused deny the charges, claiming that if any fraud occurred, it was unintentional and a result of confusion and errors inherent in the program.
Subjects
Energy conservation, Actions and defenses, United States Federal Energy Regulatory Commission, Lincoln Paper & Tissue Co, Rumford Paper Company Rumford, Competitive Energy Services, Competitive Energy Services, Silkman, Richard
Recommended Citation
Donnelly, Sara Anne, ""Focus Energy" piece on three Maine companies that have been accused by the Fede" (2012). Maine News Index – MaineBiz. 5796.
https://digitalcommons.portlandlibrary.com/news_mainebiz/5796
Source
Mainebiz