FERC Upholds Morgan Stanley Transmission Award

Law360, New York (March 15, 2012, 7:59 PM EDT) -- The Federal Energy Regulatory Commission on Thursday threw out Powerex Corp.’s complaint against the Sierra Nevada-area federal power marketing administration, saying there was no evidence of any improper conduct when the agency awarded Morgan Stanley Capital Group Inc. long-term transmission service.

Canadian electricity supplier Powerex had alleged that U.S. Department of Energy's Western Area Power Administration for the Sierra Nevada region had given Morgan Stanley preferential treatment when it granted it a long-term firm point-to-point transmission service on the California-Oregon Transmission Project, a 500-kilovolt transmission line, earlier...
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