Power trading firm blasts Ferc over manipulation probe
In an unorthodox move, a little-known power trading firm has disclosed that it is under investigation by the US Federal Energy Regulatory Commission (Ferc) for market manipulation, mounting a vigorous public defence of its activities and arguing that Ferc has overreached in going after its trader.
The firm, Virginia-based Powhatan Energy Fund, launched a website on March 1 to dispute Ferc's allegations, which the commission itself has not yet made public. The website, FercLitigation.com
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