JPMorgan Power-Trading Business Faces Suspension, FERC Says
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The Federal Energy Regulatory Commission has accused J.P. Morgan Ventures Energy Corp. of misleading regulators and said its authority to sell electricity may be suspended.
FERC issued an order today that directs the unit of New York-based JPMorgan Chase & Co. to show that it didn’t violate FERC regulations and explain why its authorization to sell electric energy and related services at market-based rates should not be suspended.