News bites: Much ado about JPMorgan, climate change and rain (and more)

CNBC breaks down what feds are really accusing JPMorgan Chase of in its alleged power market manipulation scheme.

NASA predicted how climate change could affect global rainfall patterns. The results? Seattle is still going to be wet, writes the Seattle Post-Intelligencer.

California Gov. Jerry Brown (D) said climate change — which he said contributed to recent forest fires in the state — is going to keep the state's spending tight, The Sacramento Bee reports.

Six coastal governors called on the federal government to open up more offshore waters for drilling at the Offshore Technology Conference in Houston, The Associated Press writes.

Bloomberg reports that "King Coal" no longer appears almighty.