Energy Interdependency Blog
Energy Trading
FERC – CFTC Interagency Surveillance and Data Analytics Working Group
The Commodity Futures Trading Commission (“CFTC”) and Federal Energy Regulatory Commission (“FERC”) recently announced the formation of an interagency Surveillance and Data Analytics Working Group as one of the next steps to further coordination of the agencies’ energy market surveillance and enforcement efforts as required by the Dodd-Frank Act. The working group will coordinate information … Continue reading
Will Congressional Pressure on the CFTC to Share Information With FERC Bear Fruit?
The Federal Energy Regulatory Commission (“FERC”) has identified ferreting out energy market manipulation as a priority in its enforcement efforts. On January 2, 2014, FERC and the U.S. Commodity Futures Trading Commission (“CFTC”) signed two Memoranda of Understanding (“MOUs”) that address the agencies’ jurisdictional overlap and sharing of information related to the agencies’ market surveillance … Continue reading
The Gift That Keeps On Giving: CFTC’s Misaligned Definition of Forward Contracts Gives Rise to Another Potential Burden on LDCs Under Dodd-Frank Position Limit Rules
In our recent post, “CFTC Forward vs. Trade Option: LDCs Still Struggle as Trade Option Reporting Deadline Looms,” we discussed the unintended impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) on energy industry participants, including natural gas local distribution companies (“LDCs”) that continue to struggle with Commodity Futures Trading Commission (“CFTC”) … Continue reading
CFTC Forward vs. Trade Option: LDCs Still Struggle as Trade Option Reporting Deadline Looms
The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) added provisions to the Commodity Exchange Act (“CEA”) regarding the regulatory oversight of swaps transactions that have imposed unintended and burdensome consequences on energy industry participants, including natural gas local distribution companies (“LDCs”). Although the regulations adopted by the Commodity Futures Trading Commission (“CFTC”) have … Continue reading
Natural Gas Spot Prices at Record Highs
Natural gas spot prices increased across most of the country this past week, particularly in the Northeast where prices rose to record highs. Read Energy Information Administration Article for details. Posted by Brian Heslin, Jan. 24, 2014
Barriers to Cooperation between the CFTC and FERC Hinder Investigations into Energy Market Manipulation – A Legislative Fix May be on the Horizon
The Federal Energy Regulatory Commission (“FERC”) has initiated investigations into energy market manipulation in the last two years that have resulted in nearly $1 billion in penalties and profit disgorgements from companies and traders. See our previous posts here, here, and here. Despite the significant enforcement efforts undertaken thus far, FERC Chairman Wellinghoff recently identified additional … Continue reading
FERC Investigations into Energy Market Manipulation Make an Impression With Record Penalties Imposed on Companies and Individuals
The Federal Energy Regulatory Commission (“FERC”) Office of Enforcement has made an impression with its most recent efforts to police the integrity of energy markets and ferret out fraud and market manipulation. We discussed the magnitude of FERC’s probes into these areas over the past year and half in our previous post, The Energy Markets … Continue reading
The Energy Markets Under a Microscope: Government Investigations into Market Manipulation
The paths of the energy industry and probing government investigations are crossing more and more often, as regulators and legislators have made it a priority to ensure the integrity of energy markets. The Federal Energy Regulatory Commission (“FERC”), Office of Enforcement has made fraud and market manipulation one of its top four priorities, prompting … Continue reading
Connect to Recent Authors
Follow MVA
