Dingell Sides With FERC Over CFTC

Law360, New York (December 11, 2007, 12:00 AM EST) -- Rep. John D. Dingell (D-Mich.) voiced his support Wednesday for the Federal Energy Regulatory Commission in its turf war with the Commodity Futures Trading Commission over the enforcement of energy market manipulation, while the FERC chairman reasserted his agency's jurisdiction over alleged manipulator Amaranth Advisors LLC.

The CFTC's acting chairman also testified, though he limited his remarks to the CFTC's general role in regulating energy speculation. He did, however, like his FERC counterpart, report general cooperation between the two federal agencies.

The occasion for the testimony...
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