private rights of action
CFTC issued a final order clarifying that RTO transactions are not subject to private rights of action.
CFTC Chairman Timothy Massad said he will recommend the commission abandon its proposal to allow private rights of action against RTOs and ISOs.
The electric industry has done its part in building opposition to the CFTC proposal to allow private rights of action on energy market transactions.
CFTC said it is amending its order exempting RTOs from certain provisions of the Commodity Exchange Act to clarify that it does not bar private rights of action.
Sen. John Boozman introduced legislation that would force the CFTC to grant SPP the same broad regulatory exemptions the commission granted other RTOs.
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