Q&A: Ferc’s Norman Bay on market manipulation, polar vortexes

New chairman rejects criticism of Ferc enforcement actions

Norman Bay - Ferc
A former federal prosecutor, Bay led the Ferc Office of Enforcement from 2009 to 2014

When US president Barack Obama nominated Norman Bay to lead the Federal Energy Regulatory Commission (Ferc) last year, market participants were taken aback – and a little bit worried.