CFTC Extends No-Action Relief to Southwest Power Pool (CFTC Letter 15-05)

The CFTC issued a no-action letter that extends the previous conditional time-limited relief provided to Southwest Power Pool Inc.

The letter extends the relief previously granted by the CFTC in prior no-action letters 14-18 and 14-109. Specifically, the letter provides exemptive relief pursuant to CEA Section 4(c)(6) (exemptions from trading on an exchange) from certain CEA provisions and CFTC rules for specified transactions that are offered or entered into pursuant to Southwest Power Pool's FERC-approved tariff. These transactions are offered on Southwest Power Pool's Integrated Marketplace.

The relief will expire on the earlier of September 30, 2015 or the date on which the CFTC takes final action on Southwest Power Pool's request for exemptive relief.

See: CFTC Letter 15-105.Related news: FERC Accepts Proposal to Integrate WAPA, Basin Electric and Heartland as New SPP Members (November 11, 2014); CFTC Staff Issues Extension of No-Action Relief to Southwest Power Pool (CFTC 14-109) (with Lofchie Comment) (August 22, 2014); CFTC Issues No-Action Relief to Southwest Power Pool (CFTC Letter 14-18) (with Lofchie Comment) (February 20, 2014).