New FERC Rules Aim At Curbing Cross-Subsidies

Law360, New York (February 22, 2008, 12:00 AM EST) -- The U.S. Federal Energy Regulatory Commission on Thursday finalized a pair of rules designed to protect against unauthorized cross-subsidies between utilities and their nonutility affiliates and to accommodate greater investment in the electric utility industry.

The new rules are part of FERC's continuing implementation of the Energy Policy Act of 2005, according to the agency.

“Since Congress expanded our merger and corporate review authority, we have sought to discharge our statutory duty to prevent the accumulation and exercise of market power and guard against improper cross-subsidization,...
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