J.P. Morgan alleged energy market manipulation and J.P. Morgan Team First Wind

This breaking BIG WIND news pertains to J.P. Morgan and Team First Wind

News item 1> 

Team J.P. Morgan First Wind with logo below;

News item 2> 

J.P. Morgan is close to settlement ($1 bn estimated) with FERC in what is anticipated to be the largest payment ever to the U.S. energy regulator to resolve allegations that J.P. Morgan manipulated electricity markets in California and the Midwest

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News Item 1.> J.P. Morgan Team First Wind
 
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News Item 2>
Wall Street Journal 
 July 17, 2013

FIRST WIND (Boston)

Captain: Peter Keel

Men Teams
Team Name Time
First Wind 1:59:48
Peter Keel 26:35
Stephen Lightfoote 30:18
Tait Nielsen 30:57
Cegeon Chan 31:58
Women Teams
Team Name Time
First Wind 2:17:06
Shayna Bass 28:46
Christine Duval 34:18
Jennifer Coughlin 35:36
Sarah Mcmullen 38:26
 'JPMorgan near settlement with energy regulator: WSJ'
[clip]
"(Reuters) - JPMorgan Chase & Co (JPM.N) and the U.S. Federal Energy Regulatory Commission are close to reaching a settlement that could result in the bank making the largest payment ever to the U.S. energy market regulator, the Wall Street Journal reported on its website on Wednesday.
The amount to be paid is not yet known, but past discussions have involved close to $1 billion, the newspaper said, citing people familiar with the matter.
The two sides are exchanging drafts of a deal that would resolve allegations that the bank manipulated electricity markets in California and the Midwest, according to the report.
A JPMorgan spokesman declined to comment on the report.
A FERC spokesman declined to comment..."
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Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

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(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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