Re "JPMorgan blocking upgrades" (Page A1, Dec. 10): JPMorgan Chase was at the center of the mortgage meltdown because of their questionable (dishonest?) lending habits.
Now here they are again, gaming the electricity market to overcharge for electricity and vetoing an upgrade of two power plants so they can charge higher prices for electricity.
Bad habits of banks and brokers die hard. The California Independent System Operator has requested assistance from the Federal Energy Regulatory Commission, and luckily FERC is showing its fangs, unlike the Securities and Exchange Commission before the 2008 crash.
Let's hope that FERC maintains its stand and stops JPMorgan from manipulating the market to reap unjustifiable profit at the expense of consumers.
-- Carl Hauge , Sacramento
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