FERC rejects JPMorgan claim on power sales (Sacramento Bee)

December 6, 2012 – California won another round Wednesday in its seemingly endless fight with JPMorgan Chase & Co. over the investment bank’s dealings in the state’s electricity market. The Federal Energy Regulatory Commission rejected JPMorgan’s claim that it wasn’t paid enough for power sold to the California Independent System Operator. JPMorgan, which regularly trades electricity in California, said the ISO was guilty of “unlawful withholding” of $3.7 million for power supplied last spring.

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