Tuesday, February 24, 2015

CFTC's Energy Committee To Hold First Meeting In 5 Years on 2/26 @ 10am

When: Thursday, February 26, 2015 from 10:00 a.m. to 4:00 p.m
Location: The Commission’s headquarters in Washington, D.C. from

Commissioner J. Christopher Giancarlo, sponsor of the EEMAC had this to say about the meeting:

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.

Meeting Agenda as taken from the original press release.
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