The Commodity Futures Trading Commission (CFTC) last Tuesday issued a policy statement basically reaffirming its process for individually issuing jurisdictional waivers or “no-action letters” for exchanges located in other countries and subject to regulation in those countries and which allow access to their electronic trading systems in the U.S. The statement essentially supports the position of the IntercontinentalExchange (ICE) over that of the New York Mercantile Exchange (Nymex), and adds some strictures on information sharing with and among regulators.
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CFTC Statement Affirms Flexibility for Foreign Exchanges, With Caveats
The Commodity Futures Trading Commission (CFTC) Tuesday issued a policy statement basically reaffirming its process for individually issuing jurisdictional waivers or “no-action letters” for exchanges located in other countries and subject to regulation in those countries and which allow access to their electronic trading systems in the U.S. The statement essentially supports the position of the IntercontinentalExchange (ICE) over that of the New York Mercantile Exchange (Nymex), and adds some strictures on information sharing with and among regulators.
Consumer Input, Mandatory Reliability Rules Seen as Keys to Bolstering Grid
Consumer input in decision making, mandatory power reliability standards, coordinated regional planning and clearly established jurisdictional bright lines between federal and state regulators are crucial elements in ensuring that the nation’s future electricity needs are met, a new report issued by a diverse group of power sector stakeholders brought together by the Consumer Energy Council of America (CECA) concludes.
FERC Looks to New Congress for Clarity on LNG Jurisdiction
Citing the highly public jurisdictional spat between it and the state of California, the Federal Energy Regulatory Commission has called on Congress to modify Section 3 of the Natural Gas Act (NGA) to make “clear and unambiguous” that FERC has exclusive authority over the siting of liquefied natural gas (LNG) import terminals onshore and in state waters, as well as over pipeline facilities that deliver gas from the LNG terminals.
FERC Looks to New Congress for Clarity on LNG Jurisdiction
Citing the highly public jurisdictional spat between it and the state of California, the Federal Energy Regulatory Commission has called on Congress to modify Section 3 of the Natural Gas Act (NGA) to make “clear and unambiguous” that FERC has exclusive authority over the siting of liquefied natural gas (LNG) import terminals onshore and in state waters, as well as over pipeline facilities that deliver gas from the LNG terminals.
FERC Order Clears Way for OG&E Purchase of NRG Plant Stake
FERC recently issued an order conditionally accepting an offer of settlement previously filed by Oklahoma Gas & Electric Co. (OG&E), clearing the way for the utility to move forward with its efforts to buy a majority stake in an Oklahoma power plant from NRG McClain.
CPUC to Appeal FERC LNG Jurisdictional Issue
In closed session, the California Public Utilities Commission Thursday decided it will appeal FERC’s decision asserting “exclusive jurisdiction” over the proposed liquefied natural gas (LNG) receiving terminal planned for the Port of Long Beach, CA, by Mitsubishi’s U. S.-based subsidiary, Sound Energy Solutions (SES). On a related issue, it was unclear if the CPUC had denied a request for rehearing by SES of the state commission’s order that it submit to state regulation as a “utility” under California law.
CPUC Weighs Options on LNG Jurisdictional Fight
Attorneys for the California Public Utilities Commission (CPUC) indicated last week that they are reviewing FERC’s denial of rehearing of its decision in the Sound Energy Solution (SES) liquefied natural gas (LNG) terminal proposed for the Port of Long Beach, CA. FERC asserted exclusive federal jurisdiction over the proposed LNG receiving terminal (see NGI, June 14, May 24, May 3, April 26). The CPUC has 60 days to make a federal district court filing on the issue.
CPUC Weighs Options on LNG Jurisdictional Fight
Attorneys for the California Public Utilities Commission (CPUC) indicated Monday that they are reviewing FERC’s denial of rehearing of its decision in the Sound Energy Solution (SES) liquefied natural gas (LNG) terminal proposed for the Port of Long Beach, CA. FERC asserted exclusive federal jurisdiction over the proposed LNG receiving terminal (see Daily GPI, June 14). The CPUC has 60 days to make a federal district court filing on the issue.
CPUC Files Challenge to FERC’s LNG Jurisdictional Ruling
Noting that it recognizes liquefied natural gas (LNG) as a viable option that eventually could serve parts of the state’s strongly gas-dependent energy market, the California Public Utilities Commission late last Friday filed a request for rehearing of FERC’s March 24 ruling asserting exclusive jurisdiction over a proposed LNG receiving terminal in Long Beach Harbor.