The heads of FERC and the Commodity Futures Trading Commission (CFTC) are due to sign a memorandum of understanding Wednesday in which they will pledge to coordinate requests to companies when seeking information about regulated natural gas and electric transactions, a FERC spokesman said.

The omnibus energy bill, which was signed into law by President Bush in early August, required the two federal agencies to enter into the MOU within 180 days of the enactment of the measure.

The MOU is expected to include provisions “ensuring that information requests to markets within the respective jurisdiction of each agency are properly coordinated to minimize duplicative requests,” as well as provide for comparable treatment of proprietary information, according to the text of the energy bill.

The energy measure gave the Federal Energy Regulatory Commission the go-ahead to gather information from market participants to promote price transparency in markets involving the sale and transmission of natural gas and electric energy in interstate commerce.

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