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Bank of America set to trade power

    • Risk Staff
Bank of America (BoA) has received approval from the Federal Energy Regulatory Commission (Ferc) to start trading in the US wholesale power markets, in a move many see as significant for the future of the sector.

The energy regulator gave approval on October 30, saying BoA’s entry benefits customers by introducing a new seller to the market.

But Ferc delayed ruling on another request from BoA, for a special waiver that would allow it to continue acquiring securities of US utilities. The

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