W. Chester brothers accuse FERC in $30M energy-trading fight
Trades and rebates collected by an energy-trading fund controlled by two West Chester brothers “cost more than 20 market participants at least $100,000 each,” with “Exelon, American Electric Power and Dominion Resources each losing more than $1 million,” the power-markets industry newsletter RTO Insider reports here, citing data from the Norristown-based PJM Interconnection regulator’s office which oversees the PJM wholesale electric power-trading market where the Powhatan fund made millions in 2010. More on the Gates brothers in my March 2014 report here.
Read more at https://www.philly.com/philly/blogs/inq-phillydeals/W-Chester-brothers-accuse-FERC-in-30M-energy-trading-fight.html#hIPm5l2rvG0zLIoZ.99
