Maryland People's Counsel Paula Carmody '80 is quoted in The Baltimore Sun on a $245 million settlement between Baltimore's Constellation Energy Group and the Federal Energy Regulatory Commission. The settlement resolves allegations that the company intended to manipulate New York wholesale energy markets by making trades to influence energy prices.
The Maryland Office of People's Counsel, which represents residential customers on utility matters, expects the state to receive some of that settlement for Maryland ratepayers.
People's Counsel Paula M. Carmody said that her office would be part of any proceeding dividing the money for the PJM market under what she described as a significant settlement.
"It could send real signals that they're serious about market manipulations," said Carmody, whose office raised concerns about market power in Constellation's merger. "Customers are at the mercy of what goes on in those markets with deregulation. It's important that FERC takes a tough stance to protect customers at the state level." Read more in The Baltimore Sun, "Constellation $245 settlement for trading is largest ever"
Paula Carmody was appointed People's Counsel by Douglas F. Gansler,
Attorney General of Maryland, and confirmed by the Senate in 2007. She
has extensive experience working on consumer issues with government
agencies, including the Office of People's Counsel, and nonprofit legal
services organizations. Prior to her appointment, Ms. Carmody was an
Assistant Attorney General in the Consumer Protection Division, Office
of the Attorney General of Maryland, from 2004-2007. While there, she
was responsible for investigating violations of, and enforcing, Maryland
Consumer Protection Act and related consumer protection laws.
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