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.


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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