"Capitol Update" piece reporting that U.S. Sen. Olympia Snowe (R-Maine) has join

Mal Leary

Source

Mainebiz

Date

3-5-2007

Pages

15

Abstract

"Capitol Update" piece reporting that U.S. Sen. Olympia Snowe (R-Maine) has joined a bipartisan commission launching legislation to increase oversight of electronic trading of energy commodities. Snowe is convinced that some of the price increases in energy costs, particularly in the oil and gas markets, have been the result of "price manipulation" by brokers. Snowe said the legislation is an attempt to undo language Enron and other large energy traders convinced lawmakers to add to the Commodity Futures Modernization Act of 2000. Prior to 2000, U.S. energy futures were traded exclusively on regulated markets, but has since moved to unregulated electronic markets.

Subjects

Energy, Energy supply, Snowe, Olympia J

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