JP Morgan may be gouging electric customers and businesses by manipulating electricity.

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Wanna get government off the backs of business, and letfreedom and liberty ring?

Republican candidates and MittRomney say deregulation is the way to go. Heck, they know what they’re talkingabout, because many of them have been corporate executives themselves, right?
Oh, didn’t they tell you, you’ll be paying a lot more ofyour hard earned money to those same deregulated corporations, because...well, that’scapitalism. Go tea party.

In Wisconsin alone...

Financial Times: The US electricity regulator has subpoenaed JPMorgan Chase twicein the past three months investigating whether the bank manipulated powermarkets in California and the Midwest region.
The Federal Energy Regulatory Commission said thebank’s bidding practices may have inflated electricity costs by at least $73m.

Remember “the California energy crisis of 2000-01, whenEnron and other traders were accused of rigging supplies and causing blackouts.”

FERC has in the past year alleged Barclays and Deutsche Bank manipulated electricitymarkets and has compelled ConstellationEnergy to pay $245m to settle another case.

JPMorgan is already under intense scrutiny since (theyexperienced) $2bn in trading losses relatedto credit derivatives.

The bank’s commodities business owns or has rights to outputfrom several electric generators (and may have) extracted “inflated” or“excessive” payments from two wholesale power markets serving California andseveral Midwest states..

This manipulation, and inflated payments, are ultimately paidfor you and me, "businesses and government entities that are the end consumersof electricity,” the FERC wrote.
Anybody for deregulation? That’s what the Republicans arerunning on.