Could Texas power market be rigged? It’s happened before
The same price fixing that got J.P. Morgan Chase in trouble with the federal government could happen here and the fines would likely be much lower, experts say.
Nicholas Sakelaris, Staff Writer- Dallas Business Journal
As JPMorgan Chase & Co. dishes out a $410 million punishment imposed by the Federal Energy Regulatory Commission for manipulating energy markets in California and the Midwest, the big question for Texans is, could that happen here?
Absolutely, says Jake Dyer, a policy analyst with the Texas Coalition for Affordable Power (TCAP) in Austin. “There’s nothing unique about the Texas market that would prevent it from…