Energy Groups Seek Exemption From OTC Reform

Law360, New York (March 9, 2010, 5:39 PM EST) -- Legislation to regulate over-the-counter derivatives could stall investment in energy projects and will likely lead to rate hikes by putting oversight of energy markets under the U.S. Commodity Futures Trading Commission, experts told the Senate Committee on Energy and Natural Resources on Tuesday.

Representatives for the Federal Energy Regulatory Commission, the New York State Public Service Commission, electricity transmission organizations, power companies and rural electricity cooperatives told senators that there was no need to bifurcate authority over an industry that was already highly regulated by FERC...
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