is being presented by Susan J. Court, Partner, with Hogan Lovells LLP and airs on Thursday, May 12th, 2011. For more details, or to register please visit our site at www.fxconferences.com
The Federal Energy Regulatory Commission (FERC) has significant enforcement authority over companies that engage in the physical movement and wholesale sales of natural gas and electric energy in interstate commerce. This agency, small and not particularly well known, has the power to impose penalties of up to $1 million a day on companies and individuals violating its rules and regulations. It also has explicit authority to police against manipulation of energy markets.
The Commodity Futures Trading Commission (CFTC) recently received vast new authority to oversee the market in derivatives, including energy derivatives, and explicit anti-manipulation authority. FERC and CFTC have been directed to enter into a memorandum of understanding delineating their respective authorities to ensure there are no conflicts between the two.
In this audio conference, our speaker, a former Director of Enforcement with the FERC, discusses the roles and functions of the FERC and the CFTC, and how the two bodies will be interacting moving forward.
