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Energy and Utilities Law

Selected Works

John Ye

Selected Works

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Full-Text Articles in Law

Ferc Enforcement On Market Manipulation Testing The Law’S Limit, John Ye Jun 2013

Ferc Enforcement On Market Manipulation Testing The Law’S Limit, John Ye

John Ye

A 2012 article from the New York Times[1] reported that the Federal Energy Regulatory Commission (FERC) had taken aggressive steps against market manipulation in the electricity trading space against large investment banks. Notable cases were taken against Barclays[2], JP Morgan[3] and Deutsche Bank[4].

The fine for Barclays was a steep $469.9 million, which the bank said it would contest. JP Morgan was ordered to suspend selling energy capacity for 6 months. Deutsche Bank, on the other hand, was only fined for $1.5 million. Yet, Deutsche Bank was ready to mount a vigorous defense at …


Ferc Enforcement On Market Manipulation Testing The Law’S Limit, John Ye Dec 2012

Ferc Enforcement On Market Manipulation Testing The Law’S Limit, John Ye

John Ye

A 2012 article from the New York Times reported that the Federal Energy Regulatory Commission (FERC) had taken aggressive steps against market manipulation in the electricity trading space against large investment banks. Notable cases were taken against Barclays , JP Morgan and Deutsche Bank .

The fine for Barclays was a steep $469.9 million, which the bank said it would contest. JP Morgan was ordered to suspend selling energy capacity for 6 months. Deutsche Bank, on the other hand, was only fined for $1.5 million. Yet, Deutsche Bank was ready to mount a vigorous defense at the time. Unfortunately without …