On the recordMarch 7, 2002
This letter is from the MidAmerican Energy Holdings Company out of Omaha, NE: I am writing in support of your effort to ensure that there is transparency and appropriate Federal oversight of energies futures trading markets. As I testified before the Senate Energy and Natural Resources Committee last month-- This is the chairman and CEO-- I have long been concerned that the type of exchange run by Enron before its collapse offered opportunities for manipulation. Enron was the largest buyer, the largest seller and operator of an unregulated exchange. In view of the revelations of the last several months regarding Enron, the unregulated nature of these markets has raised serious concerns regarding the ability of the Federal Government to ensure that energy trading and futures markets are operating in the interest of the public and market participants.
Source
govinfo.gov
