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.

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