Federal energy regulators this week fined BP America Inc. more than $20 million for allegedly manipulating the natural gas market in Texas in the aftermath of Hurricane Ike in 2008.
July 15, 2016 at 12:46 AM
1 minute read
Federal energy regulators this week fined BP America Inc. more than $20 million for allegedly manipulating the natural gas market in Texas in the aftermath of Hurricane Ike in 2008.
BP, according to the Federal Energy Regulatory Commission, executed a scheme to profit from the market conditions after the hurricane struck the Texas coast. Regulators said BP manipulated the price of natural gas in the Houston region.
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