Monthly Archives: June 2012

Texas Regulators Approve 50% Increase in Wholesale Electricity Cap

The Public Utility Commission of Texas has raised the cap on wholesale electricity prices by 50% to $4,500 per megawatt-hour (up from$3,000). As explained by Chairman Donna Nelson’s memo, raising the system-wide high offer price cap, which is effective as … Continue reading

Posted in ERCOT, Power, PUCT, Regulation

Join Paul Pantano at the FIA Dodd-Frank Briefing for Energy & Ag Companies, July 11

Dodd-Frank Briefing for Energy & Ag Companies July 11, 2012 Fulbright Tower Auditorium 1301 McKinney, Suite 5100 Houston, Texas 77010 Presented by the Futures Industry Association Head of Cadwalader’s Energy & Commodities Group, Paul Pantano, Jr., will join the panel entitled, “Are … Continue reading

Posted in CFTC, Commodity Trading, Dodd-Frank, Events, Oil & Gas, Power, Regulation, SEC

Final Rule – Correction to Customer Clearing Documentation, Timing of Acceptance for Clearing, and Clearing Member Risk Management; Core Principles and Other Requirements for Designated Contract Markets

The U.S. Commodity Futures Trading Commission has published the following correction to incorrect text published in the Federal Register of April 9, 2012, and June 19, 2012, regarding Customer Clearing Documentation, Timing of Acceptance for Clearing, and Clearing Member Risk … Continue reading

Posted in CFTC, Commodity Trading, Dodd-Frank, Oil & Gas, Power, Regulation

FERC Approves Final Rule to Integrate Variable Energy Resources

The Federal Energy Regulatory Commission (FERC) has issued a final rule that promotes more efficient operation of the transmission system amid increasing integration of variable energy resources and benefits electric consumers by ensuring that services are provided at just and … Continue reading

Posted in FERC, Power, Regulation

Northeast Heat Wave Causing Stress on NYISO, Activating Demand-Response Program

Due to the current heat wave in the Northeast, stress on the NYISO system is running high. The New York Power Authority (NYPA) and New York’s power grid operator, the New York Independent System Operator (NYISO), activated demand-response programs in … Continue reading

Posted in Power, Regulation, Uncategorized

Final Rule – Core Principles and Other Requirements for Designated Contract Markets

The U.S. Commodity Futures Trading Commission is adopting new and amended rules, guidance, and acceptable practices to implement certain statutory provisions enacted by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act: 17 CFR Parts 1, 16, … Continue reading

Posted in CFTC, Commodity Trading, Dodd-Frank, Regulation

Download the June 14 Distressed Energy Investments Program Materials

On June 14, Cadwalader hosted a discussion on the ever-changing business landscape for energy companies created by recent market changes, FERC regulations and the Dodd-Frank Act. Keynote speaker, The Honorable Donna L. Nelson, Chairman of the Public Utility Commission of … Continue reading

Posted in Distressed Energy, Events, FERC, Power, Regulation

Electric Energy T&D – Generation Investors Step Up to the Plate: What’s FERC Pitching?

Existing and planned electric generation faces important headwinds to profitability and financing given lower electricity and capacity prices, a slow economy dip in demand, looming “big ticket” capital expenditures such as environmental regulation compliance, and competition among generators based on … Continue reading

Posted in Articles, FERC, Power, Regulation

Final Rule – Swap Data Recordkeeping and Reporting Requirements: Pre- Enactment and Transition Swaps

The U.S. Commodity Futures Trading Commission has published the following final rule to further implement the Commodity Exchange Act with respect to the new statutory framework regarding swap data recordkeeping and reporting established by the Dodd-Frank Wall Street Reform and … Continue reading

Posted in CFTC, Commodity Trading, Dodd-Frank, Regulation

Distressed Energy Investments Program to Host PUCT Chairman Next Thursday in NY

Distressed Energy Investments: Grappling with Generation Restructuring in an Adverse Market Cadwalader, Wickersham & Taft LLP will host a discussion in New York on the  ever-changing business landscape for energy companies created by recent market changes, FERC regulations and the … Continue reading

Posted in Dodd-Frank, Energy Infrastructure, ERCOT, Events, FERC, Oil & Gas, Power, Regulation