CFTC and Ferc continue turf war over transmission rights
Wholesale electricity market participants yesterday called for an exemption for energy end-users from legislation that could see the Commodity Futures Trading Commission (CFTC) increase its jurisdictional powers over the sector.
The Senate Committee on Energy & Natural Resources called a hearing yesterday to discuss regulation of financial transmission rights (FTRs) and other electricity market mechanisms. Legislation passed by the US House of Representatives in December could see hedging tools such as FTRs come under CFTC jurisdiction if enacted by Congress.
However, many power market participants believe the legislation
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