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U.S. should reject CFTC power market authority, Groups say

Posted on 02 December 2009

From Bloomberg: Limits on the Commodity Futures Trading Commission’s authority over wholesale power markets must be made explicit as the U.S. Congress writes legislation that expands oversight of derivatives, energy industry groups said.

The Electric Power Supply Association and Edison Electric Institute will tell a House of Representatives subcommittee tomorrow that the Federal Energy Regulatory Commission should have exclusive jurisdiction over those markets, according to their prepared testimonies……………………………Full Article: Source

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