CFTC chief reverses on private rights of action

摘要

US Commodity Futures Trading Commission Chairman Timothy Massadrnhas reversed his position on allowing private lawsuits on wholesale powerrntransactions in regional transmission organizations, saying such rightsrncould impose "greater costs and uncertainties without necessarilyrnenhancing supervision of markets or consumer protection."rnThe decision follows criticism of the commission's earlier proposalrnfrom a wide spectrum of electric industry concerns, including fromrnsome state consumer advocates offices, and from a bipartisan grouprnof key House and Senate committee leaders, including most recentlyrnthe chairmen and ranking members of the Senate energy andrnagriculture panels.