Bingaman – Electric and Natural Gas Rates (3892)

This amendment will preserve the
authority of the Federal Energy Regulatory Commission (FERC) to ensure just and
reasonable electric and natural gas rates. FERC currently regulates
certain market products that keep the cost of electricity stable and low for
consumers. The underlying bill would allow the Commodity Futures Trading
Commission concurrent jurisdiction over these products. That duplicative
authority could result in the elimination of these products and increased costs
for electricity consumers. This amendment will help avoid that type of
unproductive cost.