CFTC proposal would unleash flood of lawsuits, firms say

Industry blasts proposal to allow private manipulation suits in US electricity markets

US power
Electric shock: CFTC seeks to allow manipulation lawsuits in power markets

Electricity companies are alarmed about a proposal by the US Commodity Futures Trading Commission (CFTC) to allow private parties to file lawsuits alleging manipulation in power markets, saying the move would set off a torrent of litigation.

The proposal, released in May, would amend a 2013 order that exempted energy transactions executed in US wholesale electricity markets from many provisions of the Commodity Exchange Act (CEA), the law that underpins the CFTC's authority. Such markets are run