FERC-JP Morgan settlement sends strong signal on market regulation enforcement

摘要

The Federal Energy Regulatory Commission's $410 million settlement with JP Morgan over alleged manipulation of power markets in California and Michigan sends a strong message that market regulations will be enforced, lawmakers and regulators said Tuesday. The deal announced Tuesday marked the culmination of FERC's long-running investigation of JP Morgan Ventures Energy Corp.'s bidding practices in auctions run by the California Independent System Operator and the Midcontinent Independent System Operator.