Dive Summary:

• The California Independent System Operator (CISO) reported that a California power supplier has manipulated trading practices to increase their profits.
• The CISO has blocked the company, which officials have yet to identify, from continuing the behavior; the Federal Energy Regulatory Commission has been asked to investigate the matter further.
• California has already accused JPMorgan Chase & Co. of committing similar offenses that garnered the company $73 million in extra profits.

From the article:

Once again, a power supplier has been accused of gaming California's electricity market.

The company, which state officials wouldn't identify, has allegedly reaped $10.5 million in "excessive gains" since April, according to the California Independent System Operator. ...