Once there was Enron - JPMorgan in US power market probe

The US electricity regulator has subpoenaed JPMorgan Chase twice in the past three months as it investigates whether the bank manipulated power markets in California and the Midwest region, court filings showed.

The Federal Energy Regulatory Commission revealed the probe in court papers filed on Monday that said the bank's bidding practices may have inflated electricity costs by at least $73m ... READ MORE

Released by the Financial Times - 4 July 2012