Ferc ruling raises hope of greater regulatory certainty
The US Federal Energy Regulatory Authority has seen its authority sapped by squabbles over turf – most recently, losing a court battle over an attempt to fine Brian Hunter, a former natural gas trader at imploded hedge fund Amaranth Advisors. Could there be more disputes ahead? Pauline McCallion reports
The US Federal Energy Regulatory Commission (Ferc) has been gripped by enforcement fervour over the past few years, pursuing a spate of anti-manipulation cases against banks and other major market players that have forced energy traders to sit up and pay close attention.
Big-name firms including Barclays, Baltimore-based Constellation Energy, Deutsche Bank and JP Morgan have all found themselves in the agency’s crosshairs over the past two years (see box). In November 2012, Ferc made headlines
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