Federal energy
regulators are accusing a Maine energy business, one of its principals and a
paper mill of a scheme to manipulate the regional energy market.
The Federal Energy Regulatory Commission says Portland-based Competitive Energy Services LLC and one of its partners, Richard Silkman, violated agency rules by giving fraudulent advice to Rumford Paper Co. that allowed the mill to financially benefit when it was later paid to reduce electricity consumption during times of high demand.
The Federal Energy Regulatory Commission says Portland-based Competitive Energy Services LLC and one of its partners, Richard Silkman, violated agency rules by giving fraudulent advice to Rumford Paper Co. that allowed the mill to financially benefit when it was later paid to reduce electricity consumption during times of high demand.
