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Results: 1-10 of 17

PJM authorized to offer two new demand products in forward capacity market

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • February 2 2011

This week FERC approved a PJM proposal to establish two new demand resource (DR) products for the PJM forward capacity market, which is conducted under the Reliability Pricing Model (RPM

Oil and gas fraud working group to focus on energy markets

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • April 25 2011

On April 21, 2011, U.S. Attorney General Eric Holder announced the formation of an Oil and Gas Price Fraud Working Group to focus specifically on the detection of fraud in the energy markets

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

Position limits rule would limit swap positions

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • January 26 2011

Exercising new authority Congress conferred on it in the Dodd Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), in a January 13 rulemaking proposal the Commodity Futures Trading Commission (CFTC) proposes to impose limit on holdings of certain derivatives, including swaps linked to energy commodity prices

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

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."

Connecting market manipulation’s dots

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • May 18 2011

FERC recently issued orders in two fully adjudicated cases of alleged market manipulation

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

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