Energy & Environmental Markets Advisory Committee

CFTC Energy and Environmental Markets Advisory Committee
1155 21st Street, N.W.
Washington, DC 20581

February 26, 2015

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