Requests by Independent System Operators and Regional Transmission Organizations for No-Action Relief

A group of regional transmission organizations ("RTOs") and independent system operators ("ISOs") have petitioned the CFTC requesting no-action relief for each petitioner from the Dodd-Frank Act's swaps market provisions for certain transactions on markets administered by RTOs and ISOs from all but the anti-manipulation and anti-fraud provisions of the Commodity Exchange Act until an Exemption Order to be issued by the CFTC is effective with respect to such Petitioner. The entities, including the California Independent System Operator Corporation, Electric Reliability Council of Texas, Inc., ISO New England Inc., Midwest Independent Transmission System Operator, Inc., New York Independent System Operator, Inc., and PJM Interconnection, L.L.C., are subject to extensive regulatory oversight by the Federal Energy Regulatory Commission or, in one instance, by the Public Utility Commission of Texas.

View letter in full here (Cabinet link).