FERC Chairman urges return to voluntary energy price reporting

Washington (Platts)--3Mar2004

US Federal Energy Regulatory Commission Chairman Pat Wood III on Wednesday urged market players currently sitting on the sidelines to return to voluntary reporting of pricing information to independent publishers. Those companies contemplating renewed reporting should "hurry up and do so," the chairman told a Washington, D.C., press briefing. He noted that FERC is in the process of conducting a second survey of price-reporting practices and hopes to see higher levels of participation. While repeatedly suggesting over the past several months that the commission does not want to mandate price reporting or get into the business of collecting and publishing price data, Wood and other FERC officials have not yet ruled out that possibility.