Skip to main content

JP Morgan to pay $410m in penalties for manipulating electricity prices

Guardian UK - US energy regulators have hit JP Morgan with $410m in penalties after accusing it of manipulating electricity prices in California and the mid-west.

The Federal Energy Regulatory Commission said the bank used improper bidding strategies to squeeze excessive payments from the agencies that run the power grids in California and the Midwest.  Read more.

Comments

Popular posts from this blog

Eurovision Artist Boycott Curbed by Qatari Aid