The filings mark the first time the Federal Energy Regulatory Commission has revealed its formal probe into JPMorgan bidding practices, which it says may have inflated electricity costs by at least $73m.
http://link.ft.com/r/2SRI11/
Michele Kearney's Nuclear Wire - Major Energy and Environmental News and Commentary affecting the Nuclear Industry. Nuclear Activities
Tuesday, July 3, 2012
JPMorgan at centre of power market probe
JPMorgan at centre of power market probe
The US electricity regulator has subpoenaed JPMorgan Chase twice in the
past three months as it investigates whether the bank manipulated power
markets in California and the Midwest region, court filings show.
The filings mark the first time the Federal Energy Regulatory Commission has revealed its formal probe into JPMorgan bidding practices, which it says may have inflated electricity costs by at least $73m.
http://link.ft.com/r/2SRI11/
The filings mark the first time the Federal Energy Regulatory Commission has revealed its formal probe into JPMorgan bidding practices, which it says may have inflated electricity costs by at least $73m.
http://link.ft.com/r/2SRI11/
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