The Commodity Futures Trading Commission (CFTC) Tuesday voted out a final rule that will “democratize the markets” by broadening access to real-time central clearing, according to Chairman Gary Gensler. The rule is designed to bolster competition in the multi-trillion-dollar swaps market and help commercial customers by providing hedging opportunities with lower risk and volatility.
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NorthWestern Board Looks at Options in Wake of Black Hills Offer
Broadening its scope in the wake of a pending offer from neighboring South Dakota-based Black Hills Corp., NorthWestern Corp.’s board of directors met Tuesday to “consider potential strategic alternatives to maximize stockholder value,” the company said in a formal announcement. It confirmed that the potential $1.25 billion Black Hills offer was among the alternatives being examined (see Daily GPI, Nov. 29).
FERC’s Plan to Pattern Anti-Manipulation Rule After SEC Regulation Raises Red Flags
The Federal Energy Regulatory Commission’s proposed rule aimed at broadening its anti-manipulation reach in energy markets has raised red flags in both the natural gas and electricity industries.
FERC Takes Steps to Broaden Anti-Manipulation Reach in Gas, Electric Markets
In two separate orders implementing provisions of the energy policy act, FERC on Thursday proposed actions aimed at broadening its anti-manipulation reach in the natural gas and electricity markets and outlining its policy for assessing civil penalties. In a third order, the agency proposed a rule giving energy companies the right to challenge the findings of staff operational audits before a final order is issued.