Joseph Kelliher
Joseph Kelliher
analysis competition harm merger
These transactions are significant in size, but our merger analysis was very straightforward, indicating no harm to competition.
authority civil commission express hand meaningful necessary penalties played rather respond weak
The commission lacked the necessary statutory authority to respond more robustly with meaningful civil penalties and express anti-manipulation authority. The commission played a weak hand rather well, in my opinion.
bottom cannot gas higher imports lost natural offset prices result share
The bottom line: we have lost a significant share of our natural gas supply, and imports cannot offset this loss. The result will be higher natural gas prices this winter.
access commerce grid highway rules system
The interstate grid is the highway for interstate commerce and economy. ... The rules for access to that interstate highway system have to be fair.
actions additional commitment england facing gas high natural needs region safety stronger supplies today winter
Our actions today demonstrate our commitment to high safety standards. New England is facing a winter of very high natural gas prices. The region sorely needs additional gas supplies and a stronger gas infrastructure.
agree fifth
If they agree with the Fifth Circuit, at least there's some clarity.
behavior create gas market mindful natural supplies tight
We are mindful that the tight natural gas supplies could create temptations for improper behavior by some market participants.
applying california clear complete lessons market markets rules
We are applying the hard-learned lessons of the California crisis, by assuring that clear and complete market rules are established before markets open. It is better to get it done right than to get it done fast.