Takeaways From FERC's Recent Due Diligence Order

Law360, New York (February 11, 2013, 12:35 PM EST) -- Recently, the Federal Energy Regulatory Commission issued an Order Approving Stipulation and Consent Agreement [1] (EnerNOC Inc., 141 FERC ¶ 61,211 (2012)) to resolve an investigation by the Office of Enforcement into whether EnerNOC Inc. submitted inaccurate metering data to independent system operator New England (ISO-NE) without exercising due diligence and to address multiple late filings by EnerNOC’s wholly owned subsidiary, Celerity Energy Partners San Diego LLC.

EnerNoc is a demand-response provider, and Celerity is an operator and lessor of network distribution resource facilities with a maximum...
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