Concerns Remain About Coops’ Potential Liability Under New CFTC Swap Rule
Posted on Jul 16, 2012 in Regulation & Policy | Comments Off on Concerns Remain About Coops’ Potential Liability Under New CFTC Swap Rule
The National Rural Electric Cooperative Association (NRECA) has expressed concerns that the Commodity Futures Trading Commission’s (CFTC) long-awaited final rule on which energy transactions it will regulate as “swaps” leaves many questions unanswered. Several types of energy sector contracts, such as capacity, reserve sharing, renewable energy certificates and emission attributes, could be considered as regulated swaps, according to the NRECA. However, Russ Wasson, the NRECA director of tax, finance and accounting policy, says the CFTC’s new “products definition” issuance does contain some positive elements. Click here for more on the concerns expressed about the new CFTC rule.
