Rumford
Paper Co. may have settled with the Federal Energy Regulatory Commission
largely because its parent company, NewPage Corp., is in the middle of
bankruptcy proceedings, according to a mill spokesman and a consultant.
FERC had accused Rumford Paper of fraudulently manipulating an energy program in 2007-08 that paid industrial electricity users to reduce energy consumption at times of high demand. It claimed the company received nearly $3 million in ill-gotten profits.
FERC had accused Rumford Paper of fraudulently manipulating an energy program in 2007-08 that paid industrial electricity users to reduce energy consumption at times of high demand. It claimed the company received nearly $3 million in ill-gotten profits.
