SOURCE: Information Forecast, Inc.

December 03, 2007 14:52 ET

FERC Commissioner Philip Moeller to Join Acting CFTC Chairman Walter Lukken at Infocast's FERC Compliance Summit in January

LOS ANGELES, CA--(Marketwire - December 3, 2007) - Recent aggressive regulation enforcement by FERC and the CFTC has recently resulted in significant financial penalties. FERC Commissioner Philip D. Moeller will join Acting CFTC Chairman Walter Lukken on the agenda at the FERC Compliance Summit on January 17-18, 2008 in Washington DC to discuss these developments and future directions.

The Energy Policy Act of 2005 put some teeth into FERC's ability to investigate energy market and electric reliability transgressions. Since its January 2007 meeting FERC has been aggressively enforcing its regulations. In addition to ten settlements ranging from one-half million to more than $10 million in penalties and other remedies, FERC has charged financial and physical energy markets participants with attempted market manipulation along with other violations and are now seeking hundreds of millions of dollars in penalties. The accused have been fighting back in court. This Summit is focused on avoidance of such compliance problems by building strong cultures of compliance in entities potentially subject to FERC and CFTC oversight.

Attendees will learn about

--  Compliance enforcement developments
--  Implications of the Enforcement Conference At FERC
--  Tools and Techniques for crisis management
--  What to do when faced with an audit or investigation
--  State regulatory perspective on compliance and enforcement actions
--  Reliability requirements and other key issues
    

The half-day Pre-Summit workshop will review the basics for cost-effective compliance programs for energy market participants, including a brief review of the origins of the current enforcement emphasis at FERC, and the necessary components for a compliance program to be acceptable to FERC. Selected best practices and practices that have gotten some into problems will provide the basis for discussions.

For further information about the FERC Compliance Summit, please visit www.infocastinc.com/ferc or call Daniel Sullivan at (818) 888-4445 ext 23.

About Infocast

Infocast is an event production company with twenty years of industry experience, including highly successful series of energy-related conferences on topics such as renewable energy, transmission and generation finance and strategies, carbon capture and gasification, capacity market and regulatory compliance conferences and energy-related project finance tutorials. Infocast specializes in creating environments wherein key industry players share their perspectives on the markets, establish relationships, network and conduct business.

Contact Information

  • Contact:
    Daniel Sullivan
    (818) 888-4445 ext 23