# ENSERCO ENERGY, INC. PAYS $3 MILLION TO SETTLE COMMODITY FUTURES TRADING COMMISSION CHARGES OF ATTEMPTED MANIPULATION AND FALSE REPORTING; Enserco Energy, Inc., a wholly owned subsidiary of Black Hills Corporation, Settles CFTC Claims That It Intentionally Reported False Natural Gas Trade Information To Energy Reporting Firms In An Attempt To Manipulate The Price Of Natural Gas Contracts

> CFTC release 4826-03 · 2003-07-31 · **Market manipulation** · ENFORCEMENT

## Key facts

- **Release number:** 4826-03
- **Release date:** 2003-07-31
- **Type:** Market manipulation
- **Title:** ENSERCO ENERGY, INC. PAYS $3 MILLION TO SETTLE COMMODITY FUTURES TRADING COMMISSION CHARGES OF ATTEMPTED MANIPULATION AND FALSE REPORTING; Enserco Energy, Inc., a wholly owned subsidiary of Black Hills Corporation, Settles CFTC Claims That It Intentionally Reported False Natural Gas Trade Information To Energy Reporting Firms In An Attempt To Manipulate The Price Of Natural Gas Contracts
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4826-03

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 4826-03, "ENSERCO ENERGY, INC. PAYS $3 MILLION TO SETTLE COMMODITY FUTURES TRADING COMMISSION CHARGES OF ATTEMPTED MANIPULATION AND FALSE REPORTING; Enserco Energy, Inc., a wholly owned subsidiary of Black Hills Corporation, Settles CFTC Claims That It Intentionally Reported False Natural Gas Trade Information To Energy Reporting Firms In An Attempt To Manipulate The Price Of Natural Gas Contracts", 2003-07-31. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/4826-03.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*