Energy Agency to Appeal Limit on JPMorgan E-Mail Access
The Federal Energy Regulatory Commission will appeal a court restriction on its access to JPMorgan Chase & Co. (JPM) e-mail in a probe of market manipulation.
The energy regulator will challenge a magistrate judge’s November order blocking a review of unredacted copies of 25 e- mails because they involve attorney communications, it said today in a filing in federal court in Washington.
FERC sued New York-based JPMorgan July 2 demanding the e- mails in an investigation of possible manipulation of power markets in California and the Midwest by J.P. Morgan Ventures Energy Corp. The agency opened the probe last year after complaints from California and Midwest grid operators who said JPMorgan’s bidding practices were abusive.
U.S. Magistrate Judge Deborah Robinson said she agreed with JPMorgan’s lawyers that the redacted portions are confidential communications.
Jennifer Zuccarelli, a JPMorgan spokeswoman, didn’t immediately respond to an e-mail message seeking comment on the filing.
The case is Federal Energy Regulatory Commission v. J.P. Morgan Ventures Energy Corp., 12-mc-352, U.S. District Court, District of Columbia (Washington).
To contact the reporter on this story: Tom Schoenberg in Washington at tschoenberg@bloomberg.net.
To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net.
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