Gates Bros., FERC Seeking Settlement? October 27, 2014By Rich Heidorn Jr.The Gates brothers, accused of gaming up-to-congestion trades in PJM, abruptly ended their public relations campaign against FERC last week. Tell us who you are,get 2 free articles each month. What do you want to know?Want a free trial instead? Click here.Already convinced? View pricing and plans.Already a subscriber? Log in here. Additional news on this topic:PJM UTC Case Likely Headed to Court After FERC NoticeFERC staff issued a Notice of Alleged Violation last week against traders who exploited a loophole in PJM UTC trades in a case that will likely go to court.FERC Orders $15 Million Penalty in PJM Market Manipulation CaseFERC ordered City Power Marketing to pay $15 million in penalties and repay almost $1.3 million in profits for making riskless up-to-congestion trades.PJM Trader Calls FERC on Manipulation ProbeAn energy trading firm that has been the subject of a FERC investigation for more than three years without being charged has decided to go on offense by releasing documents it says proves it has… Leave a Reply Cancel replyYou must be logged in to post a comment.