Looking to allay concerns from customers that some of its new product offerings will force a change in how they trade, CME Group issued an open letter last week that more fully explains how the exchange will operate once Dodd-Frank Wall Street Reform Act regulations on swap dealer registrations going into effect Oct. 12. The exchange also explained in more depth the previously announced rollout of a broad suite of new natural gas and power contracts that will be listed as futures on CME Globex, the New York Mercantile Exchange (Nymex) trading floor and CME ClearPort, and will be available for trading on CME Direct, a platform offering side-by-side trading and straight-through processing and clearing of exchange-listed and over the counter (OTC) energy markets.
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CME Assures Customers Ahead of Early October Swap Dealer Rule Enactment
Looking to allay concerns from customers that some of its new product offerings will force a change in how they trade, CME Group issued an open letter Monday that more fully explains how the exchange will operate once Dodd-Frank Wall Street Reform Act regulations on swap dealer registrations go into effect Oct. 12. The exchange also explained in more depth the previously announced rollout of a broad suite of new natural gas and power contracts that will be listed as futures on CME Globex, the New York Mercantile Exchange (Nymex) trading floor and CME ClearPort, and will be available for trading on CME Direct, a platform offering side-by-side trading and straight-through processing and clearing of exchange-listed and over the counter (OTC) energy markets.
AGL Resources CEO Sees Gas Remaining Key to U.S. Energy Future
Seeking to allay fears that natural gas as a fuel source might fall out of favor anytime soon, AGL Resources CEO John W. Somerhalder II told shareholders Wednesday that current energy market fundamentals are very favorable to natural gas now and for the foreseeable future, given its environmental and efficiency advantages.
FERC Issues LNG Guide to Allay Concerns, Educate Public
FERC has released a 10-page guide that responds to and seeks to allay the public’s concerns about the safety of liquefied natural gas (LNG), as well as educate the public about how to get involved at the agency to either support or block LNG projects.
FERC Issues LNG Guide to Allay Concerns, Educate Public
FERC last week released a 10-page guide that responds to and seeks to allay the public’s concerns about the safety of liquefied natural gas (LNG), as well as educate the public about how to get involved at the agency to either support or block LNG projects.
Transco Defends Discount Practices, But Vows to Revise Tariff to Allay FERC Concerns if Necessary
Transcontinental Gas Pipe Line Corp. contends that its existing tariff provisions governing discount rates at secondary transportation points fully comply with the Federal Energy Regulatory Commission’s discount policy. But if necessary, the Williams pipeline said it is willing to remove certain words from its tariff to quell agency concerns about its discounting practices.
Aquila Refinancing Fails to Allay S&P’s Concerns
While a $630 million refinancing package on Friday is a step in the right direction for Aquila Inc., Standard and Poor’s said it’s certainly not enough to offset the significant asset sales risks and desperate cash flow needs of the company. S&P cut Aquila’s corporate credit rating Friday to “B” from “B+.” It assigned a “B+” rating to Aquila’s new three-year $430 million senior secured credit facility. Aquila got a one-year $200 million loan for its Australian subsidiary, UtiliCorp Australia Inc.
House Committee Adds Native Load Provision to Energy Legislation
Seeking to allay concerns voiced by lawmakers in the Southeast over FERC’s plans to overhaul the nation’s electricity grid, the House Energy and Commerce Committee last week backed a proposal that will allow that part of the country to have an explicit protection of its native load.