IESO and Chubu TT Energy Management Inc. Reach a Voluntary Payment Agreement
April 1, 2021
On August 8, 2019, pursuant to Chapter 3, section 6.2.3 of the IESO market rules, the IESO issued a notice (“Notice”) to Chubu TT Energy Management Inc. (“Chubu”) regarding the alleged breach of Chapter 7, section 7.5.8A of the market rules. Without acknowledging or admitting any breach or violation of the market rules, Chubu has agreed to voluntarily pay to the IESO the amount of $650,000, in full and final satisfaction of the allegations in the Notice and the underlying investigation. The IESO has terminated the investigation. More details can be found on the IESO’s website.