2012-11-01 — utilityproducts.com
The US Federal Energy Regulatory Commission (FERC) yesterday sought a record $435 million fine and a $34.9 million disgorgement payment from Barclays for allegedly manipulating electricity prices in the Western US from 2006 to 2008.
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The fine, if collected, could be the biggest penalty ever levied by the FERC, and would exceed the fine Barclays paid over the Libor bid-rigging scandal.
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