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Contact:
Tracy Warren, NRECA
703-907-5746
Mobile: 703-517-3411
ARLINGTON, VIRGINIA, SEPTEMBER 28, 2007 - The National Rural Electric Cooperative Association (NRECA), along with the American Public Power Association (APPA) and the American Gas Association, today jointly filed an amicus memorandum of law with the U.S. District Court for the Southern District of New York in support of the Federal Energy Regulatory Commission’s (FERC) authority to bring a July 26, 2007, enforcement action against Amaranth.
As groups representing community- and consumer-owned utilities, APGA, APPA and NRECA generally support the exercise of jurisdiction by both agencies – FERC and the Commodities Future Trading Commission (CFTC) – in this case. They believe the intent of Congress in providing FERC with its new anti-manipulation authority in the Energy Policy Act of 2005 was to provide consumers with an additional measure of protection.
The National Rural Electric Cooperative Association is the national service organization dedicated to representing the national interests of cooperative electric utilities and the consumers they serve. NRECA is an advocate for consumer-owned cooperatives on energy and operational issues. NRECA’s more than 900 member cooperatives serve more than 40 million people in 47 states.
See joint press release and a copy of the filing for further details.
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