Bill > S1111

This bill, the Public Power Risk Management Act of 2015, aims to ensure that utility special entities, which are defined as entities involved in owning or operating electric or natural gas facilities, supplying energy, or having public service obligations, are treated equally when using certain financial contracts called "utility operations-related swaps." These swaps are financial agreements used to manage risks associated with the generation, purchase, sale, or supply of natural gas or electricity, as well as fuel for operations, reliability obligations, and compliance with energy regulations. The bill amends the Commodity Exchange Act, a law that regulates futures and options markets, to clarify that these utility operations-related swaps entered into by utility special entities should be treated similarly to those entered into by non-special entities, meaning they will be subject to reporting requirements and potential exemptions under the law.