(Bloomberg) -- Mirant Corp., a U.S. power producer,
will pay an $11 million fine for submitting false trade data to
industry publications in 2002 to bolster its natural-gas trading
positions, the U.S. Justice Department said.
Former traders at the Atlanta-based company's Mirant Energy
Trading unit provided false information about natural gas trades
to publications using the data to calculate price indexes on
which some sale contracts are based, the government said today in
a statement. The company won't be charged with a crime, under a
deferred-prosecution agreement with the government.
Read more at Bloomberg Energy News
will pay an $11 million fine for submitting false trade data to
industry publications in 2002 to bolster its natural-gas trading
positions, the U.S. Justice Department said.
Former traders at the Atlanta-based company's Mirant Energy
Trading unit provided false information about natural gas trades
to publications using the data to calculate price indexes on
which some sale contracts are based, the government said today in
a statement. The company won't be charged with a crime, under a
deferred-prosecution agreement with the government.
Read more at Bloomberg Energy News
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