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JPMorgan’s commodity arm eyes sale of power plant trading deals

Posted on 26 July 2013

JPMorgan Chase & Co’s commodity trading arm is looking to sell more of the electricity deals it has with U.S. power plants and wind farms, a source familiar with the business said on Wednesday, at a time when Wall Street’s involvement in physical commodity markets is under heightened scrutiny.
The so-called power tolling and marketing deals cover enough electricity to light up Indiana’s 2.8 million homes, according to detailed regulatory filings, and include almost 3,000 megawatts of power generation spread across nine states………………………………………..Full Article: Source


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