Government
Feb. 13, 2015
Bank asks judge to dismiss electricity market gaming suit
The bank is trying to knock out a claim by the Federal Energy Regulatory Commission seeking $488 million over alleged market manipulation.
Daily Journal Staff Writer
The energy crisis might be long over in California, but according to federal regulators, companies are still finding ways to game the state's electricity market.
In what could be its biggest case since that market meltdown, the Federal Energy Regulatory Commission is seeking $488 million from London-based Barclays Bank PLC over allegations that its traders manipulated California electricity prices...
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