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FERC Squeezes Ketchup Co. For $27M Power Market Fraud

By Keith Goldberg ( February 22, 2024, 5:15 PM EST) -- The Federal Energy Regulatory Commission is proposing $27 million in penalties for a Texas company that made in-car ketchup holders and its co-owner for allegedly manipulating a Midwest grid operator's electricity markets, saying the company "operated as a fraudulent enterprise with no legitimate market activity. ". . .

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