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External Meetings: Call with New England Fuel Institute
10/26/2011 10:00 AM
XXI. Joint Rules w/ SEC
Jim Collura (NEFI)
New England Fuel Institute (NEFI)
The participants discussed NEFI's comment (from its joint comment letter with the Petroleum Marketers Association of America) that the forward contract exclusion should include "residential fuel storage contracts, such as residential propane tank storage contracts or agreements"). Mr. Collura explained that propane dealers often lease propane tanks to residential consumers, who often prepay for the propane to be delivered to the tanks, which consumers use for various household purposes.