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US public utilities take CFTC fight to Congress

Capitol Hill
Washington, DC

US public utilities are backing fresh legislation aimed at making counterparties more comfortable trading with them, as measures implemented as part of the Dodd-Frank Act continue to make life tough for utilities trying to hedge.

On March 20, the House Committee on Agriculture approved the Public Power Risk Management Act – a bill that would ease the impact of the so-called special entities provision on public utilities. The American Public Power Association (APPA), a Washington, DC-based trade

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