Barclays U.S. price rigging is facing more than $ 453-mln fine

British bank Barclays western U.S. markets, scandal-hit bank denied the charges alleged manipulation of electricity prices good for a $ 453 million (344 million euros) with the U.S. has been hit by federal regulators.
The U.S. Federal Energy Regulatory Commission (FERC) allegedly from late 2006 to 2008 electric power prices in California and trying to manipulate markets for $ 453 million in civil fines to pay yesterday's Barclays overnight ordered.
The Commission four Barclays Bank and its merchants' trading positions for the benefit index value was concluded that manipulation was included.
"These violations and to remedy violations of Barclays and the lack of any attempt by traders in view of the seriousness of, FERC fines ordered to pay a $ 435 million Barclays," the agency continued overnight said in a statement.
FERC also $ 1 million and $ 15 million in fines each contains three small, four large individual traders ordered to pay a fine. Fines must be paid within 30 days.
Barclays also an additional $ 34.9 million in profit off the interest, Arizona, California, Oregon and Washington's low-income Home Energy Assistance Program is committed to fund.
Commiddion added: "FERC in his actions manipulative plan to carry out a coordinated and deliberate efforts to positively demonstrate that it is."
U.S. energy research since the news first Barclays Libor interbank rate has plagued the financial sector - through rigging scandal was just as was revealed in October 2012.

The latest charges against Barclays itself "vigorously defend" the time.
"We are disappointed by the process that FERC," The bank in London on Wednesday in a statement obtained by AFP said.
"We penalty assessed by FERC is without basis, and we strongly disagree with the allegations made.
"We trading was legitimate and in compliance with applicable law that believe."

Case, a regulatory crackdown on big banks is part of the U.S. energy trading markets. In 2010, California's energy markets that manipulation is a division of Deutsche Bank over charges earlier this year of a $ 1.7 million penalty is the following.
Barclays between 2005 and 2009 attempted manipulation of Libor and Euribor interbank rates and U.S. regulators by the British for £ 290 million ($ 470 million dollars, 363 million euros) had been fined when the Libor scandal erupted last year ....