Manipulating California electricity prices costs Barclays Bank $453

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Source: www.bizjournals.com --- Tuesday, July 16, 2013
The Federal Energy Regulatory Commission on Tuesday ordered Barclays Bank PLC and four of its traders to pay a fine of $453 million for manipulating California electricity prices. The price manipulation occurred in California and other Western states between November 2006 and December 2008. The federal agency also ordered Barclays to disgorge $34.9 million ? plus interest ? in ill-gotten gains related to the Low-Income Home Energy Assistance Programs of Arizona, California, Oregon and Washington. The? ...

Source: http://feedproxy.google.com/~r/vertical_13/~3/L9TNUeCgcSc/barclays-bank-fined-453m-for.html

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