Luminus Energy Partners QP, L.P. Case Settles for $40,000.00
This page last reviewed February 10th, 2014
The company will pay a $40,000 penalty for sharing bidding information with an advisor that had not been disclosed to ARB in advance. In connection with the August 2013 allowance auction, Luminus discussed bidding information with a third-party advisor who had not been disclosed in advance to the Air Resources Board. Auction advisors who have been disclosed are the only third parties with whom auction participants may share information regarding auction participation, including whether an entity will be participating in an auction and information regarding bidding. The violation was mitigated by the fact that the company had disclosed a related advisor, the company cooperated in ARB’s investigation, and the limited disclosure took place in a confidential context.