16 U.S.C. § 824V
Section 824v · Prohibition of energy market manipulation
This is § 222 of the Federal Power Act of 1920
Amended 2 times on record
Applied in 22 court decisions — leading case 527 F. Supp. 2d 9 - Hunter v. Federal Energy Regulatory Commission (2007)
Most recently applied in Ferc v. Vitol Inc. (August 2023)
It shall be unlawful for any entity (including an entity described in section 824(f) of this title), directly or indirectly, to use or employ, in connection with the purchase or sale of electric energy or the purchase or sale of transmission services subject to the jurisdiction of the Commission, any manipulative or deceptive device or contrivance (as those terms are used in section 78j(b) of title 15), in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of electric ratepayers.
Nothing in this section shall be construed to create a private right of action.