Ferc says clearing house cooperation would boost energy sector

- Kevin Foster
- 14 Jul 2003

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Choo, who is director financial market assessment at Ferc’s Office of Market Oversight and Investigation (OMOI), said the four platforms currently offering over-the-counter energy clearing have made good progress but none has reached the “critical mass”, which would help resolve the industry’s continuing credit problems. Choo was speaking at Energy & Power Risk Management magazine’s EnergyCredit2003 conference in New York.

Choo said increased co-operation among the platforms – such as the cross

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