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EPSA On Bipartisan House Committee Action On Energy Risk Management

WASHINGTON, DC - Electric Power Supply Association (EPSA) President &
CEO John E. Shelk released the following statement in light of today's
approval by the House Agriculture Committee of bipartisan legislation,
H.R. 3527, the Protecting Main Street End-Users from Excessive
Regulation Act, that is important to electricity suppliers and the
consumers they serve:

"EPSA applauds the House Committee on Agriculture for marking up and
advancing H.R. 3527 on a bipartisan basis today. This legislation would
help ensure electricity suppliers and others managing commercial risks
are not miscast as a 'swap dealer' under Title VII of the Dodd-Frank
law. Today's action, once again, sends yet another strong message to
the Commodity Futures Trading Commission that Congress clearly does not
intend electricity suppliers and others managing commercial risks to be
regulated in the costly fashion that would accompany an undeserved
'swap dealer' designation. The CFTC should heed this message
and fashion its proposed rules accordingly.

EPSA continues to be in the forefront of a multi-association coalition
effort working on Dodd-Frank implementation issues before the CFTC,
including on much needed Congressional oversight of the implementation
process. EPSA has been a vocal supporter of H.R. 3527 in Congress. The
nationís economy needs growth and prosperity, not costly and
burdensome requirements well outside the intended scope of the
Dodd-Frank statute."

EPSA On Bipartisan House Committee Action On Energy Risk Management

(202) 349-0154or 703-472-8660

EPSA is the national trade association representing competitive power suppliers, including generators and marketers. These suppliers, who account for nearly 40 percent of the installed generating capacity in the United States, provide reliable and competitively priced electricity from environmentally responsible facilities serving global power markets. EPSA seeks to bring the benefits of competition to all power customers.