CFTC proposes order to exempt #Southwest_Power_Pool products RSS Feed

CFTC proposes order to exempt Southwest Power Pool products

Recently, the CFTC issued a Proposed Order in response to a 2013 request by the Southwest Power Pool (SPP) for exemption of certain SPP electric energy products from CFTC regulation.

Scope of Exemption

The Proposed Order would exempt transactions in SPP products from CFTC regulation (with the exception of the CFTC’s general anti-fraud and anti-manipulation authority and scienter-based prohibitions), provided that the following conditions are satisfied:

Covered Products—The transaction is for “Transmission Congestion Rights,” “Energy Transactions,” and “Operating Reserve Transactions”;

Read full article at Lexology