All Energy & Utilities articles – Page 4
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News BriefExelon, ComEd fined $46M by SEC over bribery scandal
Exelon and its subsidiary Commonwealth Edison agreed to pay $46.2 million as part of a settlement with the Securities and Exchange Commission related to their Illinois bribery and lobbying scandal that previously earned ComEd a deferred prosecution agreement.
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News BriefSpruce Power fined $11M for misleading electric vehicle projections
Solar energy services provider Spruce Power Holding Corp. was assessed an $11 million penalty by the Securities and Exchange Commission as part of a settlement addressing its predecessor’s alleged misleading of investors regarding its electric vehicle sales pipeline.
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Blog
Spearmint Energy names general counsel
Spearmint Energy announced the appointment of Tara Young as general counsel.
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News BriefSEC fines Monolith $225K over violating whistleblower protections
Monolith Resources, a privately held energy and tech company, agreed to pay $225,000 to settle charges by the Securities and Exchange Commission it used employee separation agreements that violated whistleblower protection rules.
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News Brief
Plug Power settles with SEC over accounting woes; warned of added $5M fine
Plug Power was fined $1.25 million as part of a settlement with the Securities and Exchange Commission over alleged accounting failures that the company agreed to fully remediate within one year or face an additional penalty.
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Blog
CleanSky Energy promotes chief compliance officer
CleanSky Energy announced the promotion of Andy Beauchamp to the newly created position of chief regulatory and compliance officer.
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Blog
Canadian Solar chief compliance officer retires
Renewable energy company Canadian Solar announced Jianyi Zhang’s retirement as chief legal officer, chief compliance officer, and corporate secretary.
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Blog
CF Industries promotes CCO to general counsel
CF Industries Holdings announced the promotion of Vice President, Chief Compliance Officer and Assistant Secretary Michael McGrane to vice president, general counsel and secretary.
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Blog
Centrus Energy promotes director of compliance to acting GC, CCO
Nuclear power company Centrus Energy Corp. announced the promotion of Senior Assistant General Counsel and Director of Legal Affairs and Corporate Compliance Shahram Ghasemian to acting general counsel, chief compliance officer, and corporate secretary.
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PremiumCCO compensation survey: Big gains for energy, healthcare
Annual total compensation for chief compliance officers rose 10 percent in 2022, according to the latest compensation survey by executive search firm BarkerGilmore.
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PremiumKPMG survey finds CCOs gearing to add staff, increase tech spend
A new KPMG survey of chief compliance officers at Fortune 500 companies found nearly three out of every four expect to enhance their compliance functions in response to pressure from regulators and their own boards.
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News Brief
Evoqua Water Technologies to pay $8.5M for alleged revenue inflation
Evoqua Water Technologies Corp. agreed to pay $8.5 million to resolve charges the actions of a former company finance director led the firm to misstate its revenue in filings with the Securities and Exchange Commission.
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News BriefEnergy broker Coquest fined by CFTC in block trade manipulation case
Energy broker Coquest, its owners, and trading affiliates agreed to pay a total of nearly $3 million to resolve allegations from the Commodity Futures Trading Commission the firm failed in its oversight responsibilities regarding more than 2,000 trades made against its customers.
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Blog
GE Vernova recruits general counsel from Starbucks
GE Vernova announced the appointment of Rachel Gonzalez as general counsel.
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News BriefItalian DPA fines Edison Energia $5.2M over GDPR lapses
The Italian data protection authority penalized electric utility company Edison Energia for multiple alleged violations of the General Data Protection Regulation regarding marketing communications and data processing transparency.
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Blog
American Water Works names chief DEI officer
American Water Works Company announced the appointment of Lori Sutton as chief diversity, equity, and inclusion officer.
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Blog
Altus Power adds sustainability to chief legal officer’s role
Solar facilities developer Altus Power announced Chief Legal Officer Sophia Lee will be adding sustainability to her responsibilities.
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Blog
Libra Group names first chief risk, compliance officer
Libra Group, an international conglomerate, announced the appointment of Richard Blaksley as its first chief risk and compliance officer.
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Article
PosiGen appoints chief compliance and policy officer
Renewable energy company PosiGen announced the appointment of Steven Burt as chief compliance and policy officer.
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ArticleGlencore Energy’s $324M fine for bribery comes with warning to others
Glencore Energy UK was ordered to pay nearly £281 million (U.S. $314 million) in fines and costs after an investigation by the U.K.’s Serious Fraud Office (SFO) found it paid $29 million in bribes to gain preferential access to oil in Africa to boost profits.