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Protest at FERC that the private equity shell company IIF is affiliated with J.P. Morgan Chase & Co

By Tyson Slocum

On August 21, 2020, Public Citizen filed a protest at the Federal Energy Regulatory Commission that three companies controlled by the private equity firm Infrastructure Investments Fund (IIF) – El Paso Electric, Southwest Generation and Novatus Energy – controlling 5,600 megawatts of power generation have failed to report that they are affiliated with the Wall Street investment bank J.P. Morgan Chase & Co. The filing notes that J.P. Morgan created IIF as an off-the-books private equity division one year after committing to the Federal Reserve that it would not “acquire or operate” power plants. Read the filing here: