Energy Groups Give Congress OTC Reform Wish List

摘要

Three associations representing electric and natural gas utilities and power providers have called on Congress to ex-empt end-users from having to clear over-the-counter (OTC) derivative transactions that are used to hedge against com-modity price risk. While supporting the clearing of derivative transactions involving large dealers in OTC legislation being considered by Congress, they said they opposed any mandate requiring "all or most" OTC derivative transactions to be centrally cleared or traded on regulated exchanges, saying this ultimately would increase prices to retail gas and electric customers.