Category Archives: Regulation

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

CFTC Issues Final Exemption Order for RTO/ISO Transactions

The Commodity Futures Trading Commission (“CFTC” or “Commission”) on March 28, 2013, issued its final order exempting certain regional transmission organizations and independent system operators (“RTO/ISOs”) and specified transactions in their respective markets, from all but the general anti-fraud and … Continue reading

Posted in CFTC, Commodity Trading, 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

Antitrust Division Enters Into First Deferred Prosecution Agreement

In a first for the Department of Justice (“DOJ”) Antitrust Division, the Division entered into a Deferred Prosecution Agreement (“DPA”) with a financial institution for its involvement in an alleged LIBOR-rate manipulation scheme. As part of the agreement, the company’s … Continue reading

Posted in Antitrust/Competition, Cases, DOJ, Regulation

DC Circuit Denies Request for Rehearing of CSAPR

By Ken Irvin, Terence Healey and Sohair Ahmadi Aguirre On January 24, the U.S. Court of Appeals for the D.C. Circuit denied requests by the U.S. Environmental Protection Agency (EPA) and environmental groups for a rehearing by the panel and … Continue reading

Posted in Cases, EPA, Power, Regulation

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