Legal and Compliance

Powerex has earned a reputation for honesty and fair dealing, and that is a reputation we preserve through our culture of compliance.

Our employees who deal with customers, counterparties, transmission providers and others in the energy trading business are the guardians not only of Powerex’ trading capital but also of our reputation.  We want to be the best at what we do—both the best traders and the best in the industry in knowing and following the letter and the spirit of the rules.

Powerex’ electric and natural gas trading activities are regulated by a number of federal, state and provincial regulatory bodies.  In the United States, the Federal Energy Regulatory Commission (FERC) regulates our wholesale electricity and natural gas trading activities.  The Commodity Futures Trading Commission (CFTC) also has authority over our U.S. trading activity involving the futures and physical markets for energy products.  Both FERC and CFTC have antimanipulation rules making it unlawful to manipulate or attempt to manipulate the energy markets.  

Any trading activities that violate applicable laws, tariffs, rules and regulations are prohibited by Powerex’ policies and are described in our Trading Code of Conduct which applies to all Powerex employees.

Powerex takes compliance with applicable laws, regulations and Company policy very seriously.  We provide our traders with mandatory training as well as ongoing guidance and support to ensure the highest degree of compliance.  The Powerex Chief Executive Officer, Chief Compliance Officer, Chief Legal Officer and Board provide oversight and guidance to our compliance program.