FERC Staff Accuses Powhatan as Bay Moves Up — UPDATE
August 6, 2014
By Ted Caddell
After nearly four years of investigation, FERC publicly accused an energy trading firm of market manipulation in a case that dogged enforcement chief Norman Bay through his confirmation as commissioner.
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FERC issued an Order to Show Cause seeking $29.8 million in fines over a PJM trading scheme that became the centerpiece of a debate over FERC enforcement policy during Commissioner Norman Bay’s confirmation process earlier…