Incidents of alleged fraud and market manipulation in the energy markets increasingly have received the attention of federal agency enforcement efforts, including the Federal Energy Regulatory Commission (FERC) and the Commodity Futures Trading Commission (CFTC). Our recent post highlights FERC’s growing efforts to combat market manipulation. And on November 21, 2016, the CFTC released its … Continue reading
Cybersecurity of the electric power grid and energy sector as a whole has been the subject of heightened Congressional attention given the integral role the industry plays in our economy. According to a 2015 U.S. Senate committee report, nearly one-third of reported cyber-attacks involve the energy sector. Not surprisingly, the 114th Congress (2015-2016) has introduced … Continue reading
Legislative efforts to lift restrictions on the export of U.S. crude oil continue to progress, but are expected to meet with staunch Presidential opposition. On October 9, 2015, the full U.S. House of Representatives considered and decided in a 261/159 bipartisan vote to pass H.R. 702 – To adapt to changing crude oil market conditions, … Continue reading
This new year has been marked with a flurry of activity surrounding the approval of the Keystone XL Pipeline project. Following the changing of the guard in a new Republican-led Congress, Alaskan Senator Lisa Murkowski led the Congressional charge for legislative approval of the pipeline project as Chair of the Senate Energy and Natural Resources … Continue reading
On June 18, 2014, the Senate Committee on Energy & Natural Resources (“Committee”) passed in a 12-10 bi-partisan vote a bill that would approve TransCanada’s application to build Keystone XL pipeline, which has been pending government approval for years. A recent cause for further delay in the approval process sprang from the February 2014 Nebraska … Continue reading