FERC's Turf War Over Futures Contracts May Hit Ratepayers

Law360, New York (March 20, 2013, 6:56 PM EDT) -- By ruling that the Federal Energy Regulatory Commission can't police commodity futures contracts, the D.C. Circuit last week ended the agency’s power struggle with the U.S. Commodity Futures Trading Commission, but attorneys warn that ratepayers may be the ultimate losers if the two regulators can’t work together to curb energy market manipulation.

The D.C. Circuit said Friday that FERC stepped into CFTC territory when it fined former Amaranth Advisors LLC trader Brian Hunter $30 million for allegedly manipulating the natural gas futures market. A three-judge panel...
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