• In an ongoing investigation of price manipulation, the Federal Energy Regulatory Commission is back in court to demand the release of emails from JP Morgan Ventures Energy.
• The company claims the 25 emails are covered by attorney-client privilege. FERC got a court's backing to get a previous 28 communications that turned out not to support the same claim made for them.
• FERC began looking in January 2011 at price manipulations that fall under its authority, and has so far levied $300 million in fines and required the return of $150 million in profits.

From the article:

Federal Energy Regulatory Commission officials are stepping up their investigation into allegations of abusive tactics in California and the Midwest, as they continue their campaign against manipulation of electric power markets. ...