FERC-CFTC Announce Final Agenda For Conference On "Credit Issues In The Energy Markets: Clearing And Other Solutions"

The Federal Energy Regulatory Commission (FERC) and the Commodity Futures Trading Commission (CFTC) today announced the final agenda for the joint technical conference "Credit Issues in the Energy Markets: Clearing and Other Solutions", which will take place on Wednesday, February 5, 2003, at FERC headquarters, 888 First Street, N.E., Washington, D.C., in meeting room 2C.

This one-day conference will begin at 8:30 a.m., and conclude at 4:30 p.m. All interested parties are invited to attend and there is no registration or fee for this conference.

The aim of the conference is to explore, among a number of possible solutions, the feasibility of utilizing clearing to address, in a meaningful fashion, the credit issues that exist in today's energy markets. The conference will focus on the credit and related liquidity issues presently impacting energy market participants and will examine possible solutions, including the utilization of CFTC-regulated clearing facilities. FERC Chairman, Pat Wood and CFTC Chairman, James E. Newsome are scheduled to make opening remarks, and a distinguished panel of experts representing credit analysts, clearing organizations registered with the CFTC, and energy market participants (see attachment) will discuss the issues in depth.