US public utilities take CFTC fight to Congress
Frustrated by inaction at the CFTC, public utilities champion new law on Dodd-Frank special entities threshold
US public utilities are backing fresh legislation aimed at making counterparties more comfortable trading with them, as measures implemented as part of the Dodd-Frank Act continue to make life tough for utilities trying to hedge.
On March 20, the House Committee on Agriculture approved the Public Power Risk Management Act – a bill that would ease the impact of the so-called special entities provision on public utilities. The American Public Power Association (APPA), a Washington, DC-based trade
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