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ARTICLE · 01 MARCH 2006
FERC Rescinds Market Behavior Rules 2 and 6, Retains and Codifies Other Rules, and Proposes Expanded Record Retention Requirements
Sutherland Asbill & Brennan LLP
In orders issued February 16, 2006, the Federal Energy Regulatory Commission (FERC) rescinded, effective upon publication in the Federal Register, its Market Behavior Rule 2, which prohibits market manipulation in the electricity markets. Instead, manipulative conduct will be governed by FERC’s new anti-fraud rules, which were adopted in January 2006 pursuant to authority granted to FERC by the Energy Policy Act of 2005 (EPAct 2005).
United StatesEnergy and Natural Resources
