Federal Energy Regulatory Commission v. Vitol Inc

Case 2:20-cv-00040-KJM-AC Document 74 Filed 12/20/21 Page 1 of

UNITED STATES DISTRICT COURT

FOR THE EASTERN DISTRICT OF CALIFORNIA

Federal Energy Regulatory Commission, No. 2:20-CV-00040-KJM-AC Plaintiff, ORDER v. 14 Vitol Inc., et al., 15 Defendants.

The Federal Energy Regulatory Commission (FERC) found that Vitol Inc. (Vitol) and one

of its employees, Federico Corteggiano, manipulated wholesale electrical power prices to reduce

Vitol’s losses in California’s specialized electricity market allowing for the offsetting of risks of high congestion costs. The Federal Power Act (FPA) permits FERC, as here, to seek this court’s

review of FERC’s finding and the civil penalties FERC assessed against Vitol and Corteggiano.

Vitol and Corteggiano have moved to dismiss and to stay. As explained in this order, Vitol’s

motion to dismiss is denied, its motion to stay is denied as moot, and Corteggiano’s motion is

denied for the most part, but granted to the extent…