TotalEnergies to pay $5 million to settle US FERC natgas manipulation case
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TotalEnergies has agreed to pay $5 million to settle allegations by the U.S. Federal Energy Regulatory Commission (FERC) that it manipulated the natural gas market between 2009 and 2012.
January 09, 2025 | 4:45 pm
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NEUTRAL IMPACT
TotalEnergies has settled with the U.S. FERC for $5 million over allegations of natural gas market manipulation from 2009-2012. This settlement resolves the legal issue without admission of wrongdoing.
The settlement of $5 million is a relatively small amount for TotalEnergies, indicating limited financial impact. The resolution of the case removes legal uncertainty, which is positive, but the historical nature of the allegations suggests limited impact on current operations.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80