Baltimore-Based Constellation Energy Fined $5M
Constellation Energy Group Inc., of Baltimore, the biggest U.S. marketer of power, and Entergy Corp., of New Orleans, the second- largest operator of U.S. nuclear plants, agreed to settle charges of violating natural-gas shipping rules, the Federal Energy Regulatory Commission said. Constellation agreed to pay about $6.9 million –a $5 million fine and $1.9 million in profits — plus interest. Entergy agreed to pay $400,000, according to regulators. Both companies self-reported the violations early in 2007, the commission said. The companies were accused of not following rules that govern how capacity on gas pipelines is made available.
Originally published by Staff and wire reports.
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