Butted

The supply and distribution segments of the natural gas industry butted heads last Tuesday during a California Energy Commission (CEC) workshop examining how gas is bought by utilities and large noncore purchasers. From the utilities’ point of view, the state-sanctioned incentive mechanism and month-to-month purchases are resulting in generally low prices for retail consumers.

The supply and distribution segments of the natural gas industry butted heads Tuesday during a California Energy Commission (CEC) workshop examining how gas is bought by utilities and large noncore purchasers. From the utilities’ point of view, the state-sanctioned incentive mechanism and month-to-month purchases are resulting in generally low prices for retail consumers.

In a brief filed last Monday in federal appeals court in Washington, DC, the Commodity Futures Trading Commission (CFTC) butted heads with the Federal Energy Regulatory Commission (FERC) over the issue of whether FERC has jurisdiction in cases where the manipulation of natural gas futures trades subsequently influences the price of physical gas transactions.

In a briefing filed Monday in federal appeals court in Washington, DC, the Commodity Futures Trading Commission (CFTC) butted heads with the Federal Energy Regulatory Commission (FERC) over the issue of whether FERC has jurisdiction in cases where the manipulation of natural gas futures trades subsequently influence the price of physical gas transactions.