Power sector concerned about regulatory overlap

The House Committee on Energy and Commerce’s Subcommittee on Energy and the Environment held a hearing about the potential impact on energy markets of proposed OTC derivatives regulation. Power sector representatives called for legislators to limit Commodity Futures Trading Commission (CFTC) oversight of certain power products currently regulated by Ferc.

Both the Treasury and Congress are working on legislation to tighten regulation of the OTC derivatives markets following the collapse of Lehman