Archive for the ‘ Federal Energy Regulatory Commission ’ Category

The Sacramento Bee: Feds order independent review of Oroville Dam spillway problems

By Ryan Sabalow
rsabalow@sacbee.com
February 13, 2017 – 6:56 PM

The federal agency that issued the license for the troubled Oroville Dam on Monday ordered state officials to convene an independent panel of five experts to assess the damaged dam and issue recommendations.

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LATimes: Michael Hiltzik: FERC lets JPMorgan walk

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JPMorgan manipulated California’s energy market to great profit, then lied about it. Its penalty? Chump change (one day’s revenue).

By Michael Hiltzik
July 30, 2013, 8:46 p.m.

If you take our federal and state energy authorities at their word, you just might be convinced that the $410-million penalty dropped Tuesday on JPMorgan Chase for manipulating energy markets in California and the Midwest is a big deal.

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WashPost: Regulators say JPMorgan gamed energy markets

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By Steven Mufson
Published: July 29, 2013

The Federal Energy Regulatory Commission unveiled charges against JPMorgan Chase on Monday, accusing the bank of charging California and Midwest electricity grids more than 80 times prevailing power prices through “manipulative bidding strategies.”

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By Dale Kasler
dkasler@sacbee.com
Published: Wednesday, Jul. 17, 2013 – 3:39 pm
Last Modified: Wednesday, Jul. 17, 2013 – 3:53 pm

Investment bank JPMorgan Chase & Co. reportedly is considering paying a $500 million-plus fine to settle charges of manipulating electricity markets in California and the Midwest.

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