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SPOTLIGHT

2. ENERGY MARKETS:

FERC mired in another 'Gunfight at the O.K. Corral' in case against Barclays

The Federal Energy Regulatory Commission has played bad cop for the past year, slapping Wall Street darlings with market manipulation charges and handing down almost $1 billion in penalties. But for the first time since Congress sharpened the agency's enforcement teeth in 2005 in the wake of the collapse of Enron Corp., FERC faces a hard-nosed court challenge from a powerful foe in the global banking sector, Barclays Bank PLC.

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