Federal Energy Regulatory Commission

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Barclays to face electricity price lawsuit

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A U.S. judge ordered Barclays to face a proposed class-action lawsuit in which a California water utility accused the British bank of illegally manipulating electricity prices in the western United States, causing purchasers to overpay.

Barclays and 4 traders' $453m fines upheld

Barclays Building Sign

The Federal Energy Regulatory Commission (FERC) Tuesday ordered Barclays Bank and four of its traders to pay $453m in civil penalties for manipulating electric energy prices in California and other western markets between November 2006 and December 2008.

JPMorgan May Be Evading Power-Trading Ban

Pointing The Finger

A JPMorgan Chase unit suspended from market-based power trading in California may be evading the ban through swap agreements with EDF Group and Cargill subsidiaries, the state’s grid operator said.

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Gavel

Barclays to face electricity price lawsuit

A U.S. judge ordered Barclays to face a proposed class-action lawsuit in which a California water utility accused the British bank of illegally manipulating electricity prices in the western United States, causing purchasers to overpay.

Barclays Building Sign

Barclays and 4 traders' $453m fines upheld

The Federal Energy Regulatory Commission (FERC) Tuesday ordered Barclays Bank and four of its traders to pay $453m in civil penalties for manipulating electric energy prices in California and other western markets between November 2006 and December 2008.