Skip to content
Subscriber Only

FERC Suspends JPMorgan Unit’s Power-Trading Authority

The U.S. Federal Energy Regulatory Commission yesterday suspended a JPMorgan Chase & Co. unit’s electricity-trading authority, saying it had filed false information to regulators.

The action, part of a more aggressive effort by the commission to monitor U.S. power markets, prohibits J.P. Morgan Ventures Energy Corp. from selling electricity at market-based rates for six months starting April 1, 2013.