FERC noted that this was the first imposition of its “death penalty” ruling on a power marketer. The penalty came because of the agency’s determination that Enron was involved in artificially inflating power prices in the West during that region’s energy crisis in 2000-01.

FERC also noted that Enron would be allowed to return to the power market after it comes out of bankruptcy.

Publication date: 06/23/2003