American Efficient Energy Efficiency Resource Fraud Case
Sector: Road • Location: Durham, North Carolina, United States
Source: The News & Observer
American Efficient, an energy efficiency aggregator based in Durham, North Carolina, was fined $722 million by the Federal Energy Regulatory Commission (FERC) for committing fraud in wholesale capacity markets. The company was accused of selling environmental attributes of energy-efficient products without ensuring actual energy savings or installation, violating market rules. FERC also demanded t
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | under legal challenge |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | American Efficient, an energy efficiency aggregator based in Durham, North Carolina, was fined $722 million by the Federal Energy Regulatory Commission (FERC) for committing fraud in wholesale capacity markets. The company was accused of selling environmental attributes of energy-efficient products without ensuring actual energy savings or installation, violating market rules. FERC also demanded the return of $410 million in unjust profits. The company is challenging the penalty and FERC's authority in court. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
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