HOUSTON (Reuters) – A federal regulator’s order penalizing JP Morgan Chase & Co’s energy trading arm will not affect the unit’s business activity in the Texas wholesale power market, state and federal agencies said on Wednesday.
Last week, the Federal Energy Regulatory Commission (FERC) said it would suspend the ability of JP Morgan Ventures Energy Corp to receive competitive market prices for physical power it sells for six months starting in April 2013, after it made factual misrepresentations during an investigation into market manipulation in California.
For the full article visit chicagotribune.com.
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.