Update June 2011: The court denied the plaintiff’s motion to reconsider its decision. Southern District of NY Judge Shira Scheindlin ruled that Plaintiff, Charles Simon, lacked standing to sue electric power supplier KeySpan and Morgan Stanley for allegedly manipulating the price of power sold to Simon’s utility, Con Edison. KeySpan paid $12 million to settle […]
Category Archives: Federal Energy Regulatory Commission
Sister Pipeline Companies Can’t Conspire Despite Regulatory Duty to Operate Separately
April 28, 2009 – 1:34 pm
Judge Robert Chambers, Southern District of West Virginia, has held that sister gas pipeline companies are a single entity, incapable of conspiring under Section 1 of the Sherman Act. The plaintiffs alleged that the companies conspired to park gas in the pipeline during periods when prices were low, and that under federal energy regulations, the […]