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May 11, 2012

 

 

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Exempting Inter-SC Trades from CFTC Jurisdiction Draft Final Proposal and Call 05/18/12

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Summary

The California ISO has posted the Exempting Inter-Scheduling Coordinator Trades from Commodity Futures Trading Commission Jurisdiction draft final proposal and has scheduled a stakeholder call on May 18, 2012 to present the proposal and solicit stakeholder comments. Please submit comments on the proposal by May 25.

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Main Text

The California ISO has posted the Exempting Inter-SC Trades from Commodity Futures Trading Commission (CFTC) Jurisdiction draft final proposal to its website at http://www.caiso.com/Documents/Inter-SC_TradesOversightExemptionDraftFinalProposal.pdf and has scheduled a stakeholder call on May 18 to present the proposal and solicit stakeholder comments.

 

On February 7, 2012, ISOs and RTOs filed a joint application with the CFTC for an exemptive order. If granted, the proposed order would exempt nearly all ISO products and services from CFTC oversight but would not cover inter-SC trades. Inter-SC trades could be considered "swaps" under the Commodity Exchange Act. If these trades are not exempted the ISO must comply with the full range of requirements imposed by the Commodity Exchange Act, a significant burden for the ISO and market participants. The draft final proposal discusses additional conditions necessary to expand the requested exemption to include inter-SC trades.

 

Please submit comments on the draft final proposal to exemptintersctrades@caiso.com by May 25.

 

Teleconference Information

Date: Friday, May 18, 2012

Time: 1:00 p.m. to 3:00 p.m. (Pacific Time)

 

Teleconference Details

Dial-in Number: (888) 423-3268

International: (612) 332-0820

 

Web Conference Information

Web Address (URL): https://www.webmeeting.att.com

Meeting Number: 8018289903

Access Code: 6292210

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For More Information Contact

Donald Tretheway at dtretheway@caiso.com or (916) 608-5995

 

The California ISO strives to be a world-class electric transmission organization built around a globally recognized and inspired team providing cost-effective and reliable service, well-balanced energy market mechanisms, and high-quality information for the benefit of our customers.

250 Outcropping Way, Folsom, CA 95630

Glossary of terms and acronyms

P&CS/ComPR/IPS/tj