Expanding FERC Jurisdiction To Carbon Markets

Law360, New York (October 29, 2008, 12:00 AM EDT) -- The Federal Energy Regulatory Commission (FERC) will have a prominent role in environmental matters if the "discussion draft" cap-and-trade bill recently released by Congressmen John Dingell, D-Mich., and Rick Boucher, D-Va., becomes law.

FERC would have a new role of consulting with the Administrator of the Environmental Protection Agency (EPA) on the regulations to be promulgated for auctions of strategic reserve allowances.

However, the major change involving FERC that is proposed in the discussion draft would be its new jurisdiction over brokers, dealers and certain others...
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