
The Federal Energy Regulatory Commission approved a stipulation and consent agreement under which JP Morgan Ventures Energy Corporation was to pay $410 million in penalties and disgorgement to ratepayers for allegations of market manipulation stemming from the company's bidding activities in electricity markets in California and the Midwest from September 2010 through November 2012. For more info visit https://web.archive.org/web/20150413083112/https://www.ferc.gov/media/news-releases/2013/2013-3/07-30-13.asp