Legislative language that would have given the Commodity Futures Trading Commission (CFTC) greater oversight over wholesale natural gas prices was stricken from a broad amendment on electricity that was unveiled last Wednesday by the Senate Energy and Natural Resources Committee, as the full Senate prepared to return to debate on the energy bill this week.
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Trading System Dodges FERC Oversight
E-commerce services provider Automated Power Exchange Inc. (APX)said its new electronic power trading platform does not fall underthe FERC’s jurisdiction because it uses no price-settingmechanisms. The company challenged FERC over its jurisdiction ofelectronic power trading and said the recent denial of its courtpetition will have little impact on the Santa Clara, CA-basedcompany.
March 20, 2000
Trading System Dodges FERC Oversight
E-commerce services provider Automated Power Exchange Inc. (APX)said its new electronic power trading platform does not fall underthe FERC’s jurisdiction because it uses no price-settingmechanisms. The company challenged the FERC over its jurisdictionof power trading and said the recent denial of its petition willhave little impact on the Santa Clara, CA-based company.
March 14, 2000
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