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FERC seeks $1.1 billion from Abram-led Durham energy firms
Summary by Business North Carolina
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FERC seeks $1.1 billion from Abram-led Durham energy firms
Federal regulators have fined Durham-based energy-efficiency business American Efficient $722 million, saying it’s behind “one of the largest and most brazen frauds” they’ve ever seen. The Federal Energy Regulatory Commission also ordered American Efficient and its corporate parent, Modern Energy, to return $409.8 million, plus interest, to the PJM Interconnection and another power-grid operator. Modern Energy was cofounded in 2016 by the late M…
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