FERC Regulation of Banks Proposing to Qualify as Power Marketers

September 17, 2007

Increasingly, U.S. and foreign banking organizations are seeking to participate more broadly and effectively in all types of U.S. energy and commodity derivative markets. Reflecting these developments, banking organizations have been taking steps to expand their ability to participate in customer-driven physically-settled electricity-related derivative transactions, which, from the perspective of the Federal Energy Regulatory Commission, require that these banking organizations qualify as so-called “power marketers” and comply with applicable provisions of the Federal Power Act and related legislation.

Please do not hesitate to contact any of the authors if you have any questions.

Robert L. Tortoriello
Tel. No. 212-225-2390
Fax No. 212-225-3999
Email rtortoriello@cgsh.com

Sara D. Schotland
Tel. No. 202-974-1550
Fax No. 202-974-1999
Email sschotland@cgsh.com

W. Richard Bidstrup
Tel. No. 202-974-1760
Fax No. 202-974-1999
Email rbidstrup@cgsh.com