CFTC proposes order to exempt Southwest Power Pool products
Recently, the CFTC issued a Proposed Order in response to a 2013 request by the Southwest Power Pool (SPP) for exemption of certain SPP electric energy products from CFTC regulation.
Scope of Exemption
The Proposed Order would exempt transactions in SPP products from CFTC regulation (with the exception of the CFTC’s general anti-fraud and anti-manipulation authority and scienter-based prohibitions), provided that the following conditions are satisfied:
Covered Products—The transaction is for “Transmission Congestion Rights,” “Energy Transactions,” and “Operating Reserve Transactions”;
