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Results: 1-10 of 20

CFTC seeks input on Dodd-Frank implementation issues affecting energy end-users

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • April 1 2014

With most of its rules implementing the swap regulatory provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") in

Force majeure provisions in power purchase agreements

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • May 4 2009

Recently Energy Risk magazine featured an article regarding "Force Majeure Provisions for Power Contracts."

Enforcement authority under the Commodities Exchange Act undercut by US v. Radley

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • September 23 2009

On September 17, 2009, the U.S. District Court for the Southern District of Texas dismissed a twenty-six count indictment brought by the Commodity Futures Trading Commission ("CFTC") and U.S. Department of Justice ("DOJ") against four former BP employees for allegedly attempting to manipulate the Texas Eastern Transmission Corporation ("TET") propane market in 2004

CFTC finds two monthly Mid-C electricity contracts are SPDCs

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • July 15 2010

On June 25, 2010, the Commodity Futures Trading Commission (CFTC) issued orders addressing four contracts under its authority under Section 2(h)(7) of the Commodity Exchange Act (CEA) to designate contracts, agreements or transactions as performing a significant price discovery function

CFTC designates four additional electricity contracts as SPDCs

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • July 22 2010

The Commodity Futures Trading Commission (CFTC) issued two orders on July 9, 2010, designating four monthly electricity contracts as Significant Price Discovery Contracts (SPDC) pursuant to section 2(h)(7) of the Commodity Exchange Act (CEA

Four RTO electricity contracts found to provide significant price discovery

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • July 23 2010

After designating two bilateral Mid-Columbia (Mid-C) electricity contracts traded on the Intercontinental Exchange (ICE) as significant price discovery contracts (SPDC), the Commodity Futures Trading Commission (CFTC), in July 9th orders, designated four additional ICE electricity contracts used in organized Regional Transmission Organization (RTO) markets as SPDCs

Monthly Mid-C electricity contracts found to provide significant price discovery

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • July 23 2010

In June 25th Orders, the Commodity Futures Trading Commission (CFTC) for the first time designated two monthly electricity contracts traded at the Mid-Columbia (Mid-C) hub on the Intercontinental Exchange (ICE) - the Mid-C Financial Peak (MDC) and Mid-C Financial Off-Peak (OMC) - as significant price discovery contracts (SPDC) under 2(h)(7) of the Commodity Exchange Act (CEA

Second Circuit upholds CFTC enforcement action for manipulative trading of electricity contracts

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • November 17 2009

The United States Court of Appeals for the Second Circuit recently upheld a civil enforcement action by the U.S. Commodity Futures Trading Commission ("CFTC"), which found that a New York Mercantile Exchange broker "knowingly" manipulated settlement prices for electricity future contracts on behalf of Avista Energy, Inc. in 1998

Administrative judge decision explores “subjective” parameters of unlawful market manipulation

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • February 10 2010

Wending its way to FERC on exception (appeal) is Administrative Judge Carmen Cintron's January 22 initial decision finding that lead natural gas trader for hedge fund Amaranth Advisors, Brian Hunter, manipulated the price of New York Mercantile Exchange (NYMEX) natural gas futures contracts in order increase earnings on futures look-alike contracts (primarily swaps) that Amaranth concurrently held on the largely unregulated exchanges, Intercontinental Exchange (ICE) and Clearport, or over-the-counter (OTC

CFTC designates seven ICE natural gas contracts as "significant price discovery contracts," subjecting them to regulatory oversight

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • April 27 2010

The Commodity Futures Trading Commission (CFTC) voted unanimously on April 27 to designate seven natural gas contracts traded on Intercontinental Exchange Inc. (ICE) as "significant price discovery contracts," or SPDCs