Barclays ruling bolsters Ferc anti-manipulation drive

Judge backs regulator on key legal questions in allowing suit to proceed

Electricity pylons
Barclays is accused of manipulating power markets in western US

The US Federal Energy Regulatory Commission (Ferc) has won a key procedural victory in its landmark manipulation case against Barclays, with a ruling that will enhance Ferc's ability to extract settlements from other firms under investigation, lawyers say.

In the ruling, which was dated May 19 and released on May 20, judge Troy Nunley of the Eastern District of California, rejected Barclays' effort to have Ferc's lawsuit thrown out of court. Barclays had filed a motion to dismiss the suit in Dec

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