FERC Sees Market Manipulation Fights On Horizon

Law360, New York (May 7, 2009, 12:00 AM EDT) -- More companies accused of energy market manipulation are choosing to fight in court rather than settle, and that requires more government resources, the Federal Energy Regulatory Commission said Thursday.

The commission expects settlements to drop off sharply and litigation to surge, FERC said in a fiscal year 2010 budget summary released Thursday.

FERC wants to bring its enforcement budget up to $36 million — an increase of 11 percent — to allow it to succeed in its expanding role fighting market manipulation, which the commission called...
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