PJM Files Complaint Alleging Coordinated Manipulation Of Markets

摘要

The PJM Interconnection has filed a complaint with FERC accusing seven private investment funds and New York-based Tower Research Capital LLC (TRC) and affiliate Tower Research Capital Investments LLC (TRCI) of manipulating the financial transmission rights (FTR) market and day-ahead energy market of the regional transmission system, thus distorting energy prices and payments to FTR holders.