News 
October-December 2005
| News Release: October 12, 2005 | 
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FERC Chairman Kelliher and CFTC Chairman Jeffery sign
MOU on information sharing, confidentiality
The Federal Energy Regulatory Commission (FERC) and the Commodity
Futures Trading Commission (CFTC) today entered into a memorandum
of understanding (MOU) regarding the sharing of information and
the confidential treatment of proprietary energy trading data.
The agreement reflecting provisions of the recently enacted Energy
Policy Act of 2005 was signed by FERC Chairman Joseph T. Kelliher
and CFTC Chairman Reuben Jeffery III. The Energy Policy Act directed
the MOU to ensure that "information requests to markets within
the respective jurisdiction of each agency are properly coordinated
to minimize duplicative information requests," and to address
"the treatment of proprietary trading information."
Congress directed that the MOU be completed within six months
of the Energy Policy Act's August 8, 2005, effective date.
FERC Chairman Kelliher said: "The fact that we have this agreement
with the CFTC four months ahead of schedule is a clear sign of
the enhanced cooperation and coordination between our two agencies.
This means the agreement is in place well before the winter heating
season, when already stressed energy prices will require vigilance.
This agreement will contribute to better coordination of enforcement."
CFTC Chairman Jeffery said: "This MOU will result in a more effective
and efficient working relationship with FERC. It will enable both
agencies to work actively to assure the price integrity of the
markets for natural gas and other energy products."
The agreement is available at www.ferc.gov
and www.cftc.gov.
R-05-68
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