NEW YORK Jan 18 U.S. electricity regulators
requested a further extension in a legal deadline as talks
continued with Deutsche Bank over a potential settlement of
power market manipluation allegations, staff of the Federal
Energy Regulatory Commission said in a filing Friday.
FERC staff requested extending Friday's deadline until Jan.
22 amid the ongoing talks.
FERC proposed Deutsche pay a $1.5 million fine and
disgorgement of $123,198 in alleged ill-gotten profits last year
for allegedly manipulating California power prices.
Deutsche Bank has disputed FERC's allegation that it
manipulated the market by deliberately losing money on physical
transactions to profit in derivative markets.
FERC staff first disclosed the settlement talks on Jan. 11.
(Editing by Bob Burgdorfer)