Dealbreaker Story of the Week – Electricity Market Rules Did Not Provide A Worthy Opponent For JPMorgan’s Brainpower
The Federal Energy Regulatory Commission fined JPMorgan $410mm today and you can see why JPMorgan would be okay with that. The details are in this marvelously complicated FERC order and settlement agreement,1 but the outlines of the story are simple. FERC built a terrible box, and the box had some buttons that were labeled “push […]
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