FERC Office of Enforcement issues a notice of alleged violation in the Powhatan Energy Fund case

On August 5, 2014, the Federal Energy Regulatory Commission’s (FERC) Office of Enforcement issued a notice of alleged violation (NAV) in the Powhatan Energy Fund case. FERC alleges that Powhatan trader Alan Chen manipulated the PJM power market with uneconomic trading activity designed solely to collect payments for surplus losses in violation of FERC Rule 1c.2. Read more

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