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WATCHING GOVERNMENT: CFTC, FERC ‘conflict’ noted

11/19/2007
The US Commodity Futures Trading Commission isn’t standing around, waiting to resolve market manipulation jurisdiction questions with the Federal Energy Regulatory Commission. It’s still “the cop on the beat, protecting consumers,” Commissioner Bart Chilton told the American Public Gas Association’s board meeting Nov. 6 in Memphis.Nov. 7 agreements under which five current and former Coral Energy traders agreed to pay $1 million in penalties in Houston and a former Mirant Americas Energy Marketing trader agreed to pay a $200,000 fine in Atlanta to settle charges of falsely reporting and attempted manipulation of natural gas prices seemed to emphasize his poin...
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