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May 20, 2015
Brattle to Sponsor Symposium on Market Power and Market Manipulation in Energy Markets

The Brattle Group will be sponsoring the upcoming program, “A Symposium on Market Power and Market Manipulation in Energy Markets," taking place Wednesday, May 20th, 2015 and hosted by the Center for Business & Public Policy at Georgetown University's McDonough School of Business.

More than a decade after the crisis in California and other western energy markets, the Federal Energy Regulatory Commission (FERC), Commodity Futures Trading Commission (CFTC), and other agencies are opening large numbers of market manipulation cases pursuant to recently expanded regulatory authority. These investigations involve both physical and financial commodities and extend beyond electric power into natural gas, electricity and gas derivatives, and many financial products unrelated to electric power.

CFTC Commissioner Sharon Y. Bowen will open the symposium with a luncheon keynote address, which will be followed by two moderated panel discussions with audience Q&A addressing market power, market manipulation, and recent enforcement actions and regulatory proceedings. Brattle principal Shaun Ledgerwood will serve as a panelist during the session on “Market Manipulation in Energy Markets.”

Following the symposium, Brattle will host a reception to celebrate the upcoming release of Market Power and Market Manipulation in Energy Markets: From the California Crisis to the Present, authored by Dr. Ledgerwood along with Brattle principals Gary Taylor, Romkaew Broehm, and Peter Fox-Penner. Drawn from their experience analyzing and assessing the California energy crisis, this new book provides insights and an analytical framework for understanding the legal and economic nuances associated with energy market manipulation. To learn more about Brattle's expertise, please visit here.

Additional information on the symposium can be found here.