FERC, CFTC Probed On Oversight Of Gas Trading

Law360, New York (February 7, 2007, 12:00 AM EST) -- The chairman of the Senate Energy Committee is seeking further information on whether futures traders are manipulating markets that set natural-gas prices, calling it a “critical consumer protection issue.”

On Tuesday, Sen. Jeff Bingaman (D-N.M.) sent two separate letters to the Commodity Futures Trading Commission and the Federal Energy Regulatory Commission, the two agencies responsible for monitoring natural-gas markets, seeking more information on their oversight of trading activities that may have affected natural gas supply costs.

In the letters, Bingaman noted the “continued volatility” in energy...
To view the full article, register now.