By Rich Heidorn Jr.
FERC ordered ETRACOM and its principal trader Michael Rosenberg to respond to allegations that they manipulated the CAISO energy market.
Additional news on this topic:
FERC agreed to sharply reduce the penalty Barclays Bank must pay to settle claims that it manipulated Western electricity markets a decade ago. | EIA
FERC approved a request by CAISO to eliminate from its Tariff convergence bidding at scheduling points on the interties into California.
FERC Office of Enforcement staff said that the presence of flaws in the CAISO market is irrelevant to their market manipulation case against ETRACOM and principal trader Michael Rosenberg.