The Compliance Risk Equation: Preparing for the "New" FERC
The relationship between market participants in the U.S. energy industry and the Federal Energy Regulatory Commission (FERC) has changed significantly, largely because of the Energy Policy Act of 2005 (EPAct). EPAct resulted in significant expansion in FERC authority since it was first charged with regulating the sale and transportation of electricity and natural gas as a result of the 1935 Federal Power Act and 1938 Natural Gas Act.
Clues to FERC expectations surrounding compliance programs can be found in its recent policy statements and well as in settlements reached with companies regarding their respective compliance violations.
A joint whitepaper by Deloitte LLP and Ballard Spahr LLP examines what players in energy markets can look for from the “new” FERC. To learn more, download the complete whitepaper below.
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