On Sept. 19, FIA filed a comment letter with the Federal Energy Regulatory Commission, the agency that oversees U.S. wholesale markets for physical power and natural gas, seeking clarification about the scope of a proposed rule aimed at strengthening FERC’s ability to prevent market manipulation. FERC recently began drafting a rule that would allow the agency to gather information about “connected entities” that have financial or legal relationships with participants in the markets under FERC’s jurisdiction. FIA asked FERC to clarify that the “connected entity” definition does not include futures commission merchants, introducing brokers and other financial intermediaries that are regulated by the Commodity Futures Trading Commission.
