Senate Energy and Natural Resources Committee
Draft legislation to improve energy market transparency and regulation
E&E News:
The draft bill would have the Energy Information Administration – DOE’s statistical arm – incorporate activities in the energy commodity futures market under its purview for the first time. Under the bill, if an entity owns energy futures contracts or swaps over a level to be determined by the Energy secretary, EIA would assess the amount of physical product and storage the company owns and the quantity of contracts it is buying and selling.EIA would also collect company data identifying the ownership of all commercial inventories of oil and natural gas, the volumes of the product, and the storage and transportation capacity.