make whole payments

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JPMorgan May Pay $500M Fine in Energy Con: Report

Company would make a profit by not selling electricity

(Newser) - JPMorgan is considering paying a record $500 million settlement over allegations that California and other states paid its power plants to not produce electricity, the Wall Street Journal reports. The alleged scheme is simple: The states promise to give energy providers "make whole" payments whenever they lose money firing...

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