Loophole

Although the dogs are still barking in Pennsylvania, the caravan for imposing a fee on natural gas drillers in the most active shale gas state appears to be moving on.

The former chief of the New York Department of Environmental Conservation (DEC), who was ousted in October by Gov. David Paterson, has joined an environmental conservation group that has questioned the state’s ability to regulate shale gas extraction.

The House last Thursday passed for a second time the $300 billion farm legislation that closes the “Enron Loophole,” which has allowed portions of large electronic trading platforms to circumvent the full oversight of the Commodity Futures Trading Commission (CFTC) for years.

The House Thursday passed for a second time the $300 billion farm legislation that closes the “Enron Loophole,” which has allowed portions of large electronic trading platforms to circumvent the full oversight of the Commodity Futures Trading Commission (CFTC) for years. Lawmakers were expected to vote later Thursday on Title III of the farm bill, which was inadvertently left out of the first bill sent to President Bush, and which forced the second vote.

An industrial energy consumers group has voiced support for legislation that would close a “substantial part” of a regulatory loophole by giving the Commodity Futures Trading Commission (CFTC) oversight of the over-the-counter (OTC) energy electronic trading market.

Following up on its call late last month for legislation that would close a “substantial part” of a regulatory loophole by giving the Commodity Futures Trading Commission (CFTC) oversight of the over-the-counter (OTC) energy electronic trading market (see NGI, Oct. 2), the Industrial Energy Consumers of America (IECA) on Friday asked FERC to get involved and to investigate the facts surrounding the downfall of hedge fund Amaranth Advisors LLC in September.

An industrial energy consumers group has voiced its support for legislation that would close a “substantial part” of a regulatory loophole by giving the Commodity Futures Trading Commission (CFTC) oversight of the over-the-counter (OTC) energy electronic trading market.

Following up on its call late last month for legislation that would close a “substantial part” of a regulatory loophole by giving the Commodity Futures Trading Commission (CFTC) oversight of the over-the-counter (OTC) energy electronic trading market (see Daily GPI, Sept. 27), the Industrial Energy Consumers of America (IECA) on Friday asked FERC to get involved and to investigate the facts surrounding the downfall of hedge fund Amaranth Advisors LLC in September.