Deutsche Bank Unit May Settle FERC Row Over Power Trades

Law360, New York (January 11, 2013, 10:19 PM EST) -- The Federal Energy Regulatory Commission is negotiating a settlement with Deutsche Bank AG’s energy trading unit in their dispute over its alleged manipulation of electricity prices in California for which the FERC had floated a $1.5 million fine, according to FERC documents filed Friday.

In a motion filed in proceedings before the FERC, the agency indicated it was in settlement talks and sought a week-long extension to file its reply to Deutsche Bank Energy Trading LLC, which in November had threatened to take it to court...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.