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RELEASE: pr7125-15

  • February 24, 2015

    CFTC Announces Agenda for the Upcoming Public Meeting of the Energy and Environmental Markets Advisory Committee

    Washington, DC — The U.S. Commodity Futures Trading Commission (CFTC or Commission) announced today the full agenda for the upcoming CFTC Energy and Environmental Markets Advisory Committee (EEMAC) public meeting. The meeting will be held on Thursday, February 26, 2015, at the Commission’s headquarters in Washington, D.C. from 10:00 a.m. to 4:00 p.m. For more information regarding the meeting, view CFTC Press Release 7121-15.

    “Congress created the EEMAC as part of the Dodd-Frank Act because it recognized the critical need for a forum in which exchanges, energy firms, end users and regulators could advise the Commission of their concerns about regulations impacting the energy and environmental markets,” said Commissioner J. Christopher Giancarlo, sponsor of the EEMAC. “The EEMAC’s first meeting in over five years will examine what impact the Commission’s proposed position limits and aggregation rulemakings will have on the ability of energy firms, utilities and producers to protect against fluctuations in the price of electricity, winter heating oil, gasoline, natural gas and other commodities used every day by millions of American consumers,” Giancarlo added.

    See list of questions for consideration at the EEMAC under Related Links.

    Meeting Agenda:

    10:00 a.m. to 10:10 a.m.

      Opening Remarks

    • Commissioner J. Christopher Giancarlo, Sponsor, EEMAC
    • Chairman Timothy Massad
    • Commissioner Mark Wetjen
    • Commissioner Sharon Bowen

    10:10 a.m. to 10:30 am

    Current Conditions in U.S. Energy Markets

    • Adam Sieminski, Administrator, U.S. Energy Information Administration
    • EEMAC Member Questions

    10:30 a.m. to 11:30 a.m.

    Panel I: What Does the Data Show?

    Witnesses

    • Vince McGonagle, Director, Division of Market Oversight
    • Steve Sherrod, Senior Economist, Division of Market Oversight
    • Tom LaSala, Chief Regulatory Officer, CME
    • Erik Haas, Director – Market Regulation, ICE Futures U.S.
    • Craig Pirrong, Professor of Finance and Energy Markets, Director of Global Energy Management Institute, Bauer College of Business, University of Houston

    Open Discussion

    11:30 a.m. to 11:45 a.m.

    Break

    11:45 a.m. to 12:45 p.m.

    Panel II: Designated Contract Market Experience with Position Limits and Trading Liquidity

    Witnesses

    • Tom LaSala, Chief Regulatory Officer, CME
    • Erik Haas, Director – Market Regulation, ICE Futures U.S.

    Open Discussion

    12:45 p.m. to 2:00 p.m.

    Lunch

    2:00 p.m. to 3:30 p.m.

    Panel III: Bona Fide Hedging

    Witnesses

    • Vince McGonagle, Director, Division of Market Oversight
    • Steve Sherrod, Senior Economist, Division of Market Oversight
    • Joe Nicosia, Commodity Markets Council
    • Ron Oppenheimer, Commercial Energy Working Group

    Open Discussion

    3:30 p.m. to 3:45p.m.

    Closing Remarks

    Last Updated: February 24, 2015

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