Anti-Market Manipulation
In 2008, FERC issued Its revised order on Standards or Conduct, Order No. 717. The EEI training has been fully revised to be in compliance with Order No. 717. FERC audits of companies using the training program have found the EEI training program to be an acceptable form of training.
Anti-Manipulation
Pursuant to its new authority under the Energy Policy Act of 2005, FERC has established broad prohibitions on manipulation in markets subject to its jurisdiction. Generally, these rules, known as the Anti-Manipulation Rules, apply to wholesale sales and purchases of natural gas and electricity, or sales and purchases of gas transportation and electric transmission services. The CFTC may also initiate investigations and enforcement proceedings against natural gas and electric power marketers. Similarly, the Antitrust Division of the Department of Justice and the Federal Trade Commission enforce federal antitrust laws, including unlawful collusion that results in energy market manipulation. The EEI Anti-Manipulation Training is a web-based course that covers these requirements for natural gas and electric companies.
EEI's Energy Delivery Group, along with the law firm of Balch & Bingham, LLP, developed the program in response to NERC's certification as the Electric Reliability Organization to develop and enforce reliability standards and FERC's approval of reliability standards and a compliance and enforcement program. The training provides an overview of FERC and NERC requirements and emphasizes the importance of awareness of these requirements for electric industry employees.
The Reliability Training program is modeled on the successful Standards of Conduct and Anti-Manipulation training programs, and is designed as a broad employee awareness and training program for company-wide use.
The cost for a one-year site license is $20,000 for each program for EEI members and $25,000 for non-members. Renewal fees are set annually and are less than the first year fees. Site customizations requiring additional work are priced on request. There is also a one-time set-up fee.
EEI is hoping to launch other programs to add to its suite of on-line training.
To learn more about how the program works, visit the About and Common Questions sections. If you have questions or comments about the training, visit our Contact Us section.
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