JPMorgan Chase & Co. (JPM) will pay $410 million to settle U.S. Federal Energy Regulatory Commission allegations that the bank manipulated power markets, enriching itself at the expense of consumers in California and the Midwest from 2010 to 2012. The bank agreed to pay a U.S. civil penal... Read more...
“It’s a conspiracy at the TCEQ [Texas Commission on Environmental Quality] of the highest order… The documents have indicted the management of this commission in a massive cover-up,” Tom Smith of consumer advocacy group Public Citizen said. The cover-up reportedly includes the knowled... Read more...