ETRACOM agreed to pay $1.9 million to settle allegations that it manipulated CAISO markets in a scheme that netted the company $315,000 in profits.

The FERC Office of Enforcement said that the presence of flaws in the CAISO market is irrelevant to their market manipulation case against ETRACOM.

FERC ordered ETRACOM and its principal trader Michael Rosenberg to respond to allegations that they manipulated the CAISO energy market.