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FERC, JP Morgan Unit Agree to $410 Million in Penalties, Disgorgement to Ratepayers

2013-07-31 19:01:00| Transmission & Distribution World

The Federal Energy Regulatory Commission has approved a stipulation and consent agreement under which JP Morgan Ventures Energy Corp. will pay $410 million in penalties and disgorgement to ratepayers for allegations of market manipulation stemming from the companys bidding activities in electricity markets in California and the Midwest from September 2010 through November 2012. read more

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