U.S. FERC investigations reach North Dakota
In recent years, the Federal Energy Regulatory Commission (FERC) has been investigating various areas in the energy industry that don’t appear to meet energy industry regulations. The latest act from the agency’s enforcement arm has reached North Dakota. FERC reported that Louis Dreyfus Energy Services, working with JP Morgan Chase & Co placed “virtual trades in MISO at a node in North Dakota to affect the value of its nearby Financial Transmission Rights” between November 2009 and February 2010. The case is still under investigation. To read more about FERC’s recent investigations, see the full article from Reuters.