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Energy Markets

FERC's Kelliher discusses Amaranth, Energy Transfer Partners market manipulation cases

For the first time since the Federal Energy Regulatory Commission was granted market manipulation authority in the Energy Policy Act of 2005, FERC has used this authority to bring charges against two companies -- Amaranth Advisors and Energy Transfer Partners -- for illegally manipulating energy markets. During today's OnPoint, FERC Chairman Joseph Kelliher discusses the two cases and the effect, he believes, the actions of these companies had on markets. Kelliher explains the significance of using this authority for the first time and discusses how he hopes these cases will affect the decisions of other companies.