
Electric utilities urge prudent reform

The US electric power industry supports the calls from the Obama Administration and Congress to improve transparency and stability in over-the-counter (OTC) derivatives markets. But it is essential that policy makers preserve the ability of electric utilities to use these markets to manage risks and insulate their customers and investors from commodity price volatility.
The electric power industry relies on forward contracts and other derivatives to lock in lower costs for power, natural gas and
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