House Agriculture Committee approves bill that includes Public Power Risk Management Act
Originally published April 10, 2014
APPA applauded the House Agriculture Committee’s approval yesterday of H.R. 4413, the Customer Protection and End-User Relief Act. Among other things, the legislation would allow public power utilities to hedge their operating risks on an even playing field with other entities in the energy sector and to clarify that contracts providing volumetric optionality are not swaps.
"We are glad to see the members of the committee working together to provide protections for consumers and end users as they move to reauthorize the Commodity Futures Trading Commission," said APPA President and CEO Sue Kelly.
H.R. 4413 includes the provisions of the Public Power Risk Management Act (H.R. 1038), which passed the House in June 2013 and has been introduced in the Senate as S. 1082. (See story on CFTC, above, for more information about this legislation).
APPA also applauded a provision in the legislation that would require the Government Accountability Office to assess whether the CFTC has the resources it needs to carry out its responsibilities.
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