Feds rule JPMorgan can’t block California power plant changes (Sacramento Bee)

January 5, 2013 – JPMorgan Chase & Co. doesn’t have the right to block a power plant renovation in Southern California – a project the state says is needed to avoid possible blackouts this summer, federal energy regulators ruled Friday. The Federal Energy Regulatory Commission issued an order in favor of the California Independent System Operator, which runs the state’s electricity grid.  State officials said the energy-trading arm of JPMorgan was blocking a reconfiguring of two power plants in Huntington Beach.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s