Federal energy regulator ready to target power-market manipulators

Federal Energy Regulatory Commission (FERC) Chairman Jon Wellinghoff said recent multimillion-dollar fines imposed against JPMorgan and Barclays for alleged power-market manipulation could become more frequent.

“It’s just a matter of us finally gearing up, having the resources, having the capabilities,” Wellinghoff told reporters Thursday after speaking at an event hosted by The Hill.

Read more on The Hill's E2 Wire blog.