Electricite de France S.A.

U.S. Agency Rejects Environmental Group's Claim Of Pipeline Manipulation

U.S. Agency Rejects Environmental Group's Claim Of Pipeline Manipulation

Federal regulators on Tuesday rejected an environmental group’s claim that utilities manipulated gas deliveries to create shortages, causing higher prices that cost New England electricity consumers $3.6 billion over three years.

A staff inquiry of the Federal Energy Regulatory Commission found “no evidence of anti-competitive withholding of natural gas pipeline capacity by New England shippers,” the agency said.

It said it will not take further action.

FERC investigated following allegations by the Environmental Defense Fund last August that local gas distribution companies in New England withheld capacity to drive up gas and power prices.

“On the basis of that...

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