CFTC Approves Exclusion for Utility Special Entities
The Commodity Futures Trading Commission (CFTC) approved a final rule this week to exclude certain swaps used in utility operations from one threshold used to identify swap dealers. The rule change will give counterparties additional flexibility to transact with utility special entities while avoiding the regulatory burdens associated with the “swap dealer” designation. Power and gas companies will benefit because hedging remains a viable risk management tool for their business operations. Please click here to read more.