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FERC imposes US$50,000 penalty against individual for falsely listing his one-year old daughter as a manager of power trading venture

17 June 2011

Energy Alert

On 16 June the Federal Energy Regulatory Commission (FERC) ordered a civil penalty of US$50,000 against Mr. Moussa Kourouma after finding that he misrepresented facts concerning his new power trading venture called Quntum Energy LLC (Quntum). See Moussa I. Kourouma d/b/a Quntum Energy LLC, 135 FERC ¶ 61,245 (2011). FERC's action is significant because it shows that the agency will pursue enforcement actions against individuals who provide false or misleading information to FERC and certain other market entities such as administrators of organized electric markets.

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