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May 17, 2022
FERC REV market manipulation Barclays Bank
FERC accused Barclays traders of influencing prices at the Mid-Columbia, NP-15, SP-15 and Palo Verde trading hubs in order to benefit the bank's positions in financial swaps covering those markets. | EIA

FERC Settlement Cuts Barclays Market Manipulation Fine

Nov 8, 2017
Robert Mullin
CAISO/WEIM / Energy Market / FERC & Federal
By Robert Mullin FERC on Tuesday agreed to sharply reduce the penalty Barclays Bank must pay to settle claims that it manipulated Western electricity markets a decade ago. The commission approved a settlement agreement requiring the U.K.-based company to pay $105 million in penalties after company traders engaged in a...

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