Category Archives: Oil & Gas

CFTC Publishes Text of SEF Rules

From Cadwalader’s Cabinet News: The CFTC published the text of the three final rules adopted last week. These rules cover the following: (i) core principles and other requirements for swap execution facilities (“SEFs”); (ii) the process for a designated contract … Continue reading

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

FERC Commissioners Receive ISO/RTO Gas-Electric Coordination Reports at Open Meeting, Significant Issues Remain

By Gregory Lawrence, Terence Healey and Ryan Norfolk As natural gas prices have decreased in the United States, electricity market operators’ reliance on gas-fired generation to serve consumers’ needs has steadily increased. This increased reliance has sharpened the focus on … Continue reading

Posted in FERC, Oil & Gas, Power, Regulation

SAVE THE DATE: 2013 Energy & Commodities Conference

Cadwalader, Wickersham & Taft LLP will be hosting its annual Energy & Commodities Conference in Houston, Texas. This complimentary day and half program will feature informative presentations and panel discussions on the evolving regulatory, business, and legal issues affecting the … Continue reading

Posted in Announcement, CFTC, Commodity Trading, Distressed Energy, Dodd-Frank, Energy Infrastructure, Enforcement and Investigations, ERCOT, Events, FERC, Finance, Oil & Gas, Power, PUCT, Regulation, Renewables

Recording of Nuts and Bolts of SDR Reporting Webinar Released

On March 22, Cadwalader, Wickersham & Taft LLP and IntercontinentalExchange hosted a webinar addressing the frequently asked questions regarding the mechanics of reporting to swap data repositories.  Cadwalader attorney Athena Eastwood led the discussion, joined by Kara Dutta, Assistant General … Continue reading

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

Futures & Derivatives Law Report: Energy Commodities – The Netherworld Between FERC and CFTC Jurisdiction

Paul J. Pantano, Jr., Terence Healey, and Joseph Williams authored an article entitled, “Energy Commodities – The Netherworld Between FERC and CFTC Jurisdiction” in the March issue of Futures & Derivatives Law Report. To view the full article, click here.

Posted in Articles, CFTC, Enforcement and Investigations, FERC, Oil & Gas, Power, Regulation

DC Circuit Court Holds FERC Lacks Jurisdiction in Hunter v. FERC

On Friday, March 15, 2013, the United States Court of Appeals for the D.C. Circuit held that “[b]ecause manipulation of natural gas futures contracts falls within the CFTC’s exclusive jurisdiction and because nothing in the Energy Policy Act clearly and … Continue reading

Posted in Cases, Enforcement and Investigations, FERC, Oil & Gas, Power, Regulation

Cadwalader Names J.P. Morgan Deal Maker James Woolery as Deputy Chairman and Co-Chair of Corporate Department

”J.P. Morgan Deal Maker Joins Law Firm,” read the headline in The Wall Street Journal, which announced that James Woolery will join Cadwalader as Deputy Chairman and Co-Chair of the Corporate Department. Woolery, who is widely recognized as one of … Continue reading

Posted in Announcement, Commodity Trading, Finance, Oil & Gas, Power, Renewables

Energy Tax Provisions in the American Taxpayer Relief Act of 2012

On January 1, 2013, Congress passed the American Taxpayer Relief Act of 2012 (the “Act”), which averted the “fiscal cliff.” The Act contains several significant energy-related tax provisions.  read more

Posted in Oil & Gas, Power, Renewables, Tax

FERC Grants CAISO Declaratory Order Request and Accepts Reliability Must-Run Agreement

By Ken Irvin, Terence Healey and Danielle Schonback On January 4, 2013, FERC granted a petition for declaratory order filed by the California Independent System Operator Corporation (“CAISO”) in late November asking FERC to find that consent by BE CA, … Continue reading

Posted in FERC, Oil & Gas, Power, Regulation

Commodities Now: Washington – We Have a Problem

June 2012 offered the first serious insight into how international regulators intended to apply their new derivatives regulatory regimes to cross-border issues. On 29th June 2012, the Commodity Futures Trading Commission (CFTC) published its proposed guidance on the extraterritorial application … Continue reading

Posted in Articles, CFTC, Commodity Trading, Dodd-Frank, EMIR, MiFID, MiFIR, Oil & Gas, Power, Regulation