Lawyers Get Busy As FERC Pushes Compliance

Law360, New York (March 27, 2007, 12:00 AM EDT) -- With the Federal Energy Regulatory Commission trying its hand at enforcement, energy companies are scrambling to shape up their compliance efforts before they are hit with millions of dollars in fines.

Until the past two years, FERC had virtually no civil authority. However, Congress passed a new Energy Policy Act in 2005 that gave FERC the power to levy $1 million in civil penalties per day and per violation.

Since then, lawyers say they have been working furiously to come up with internal compliance programs, training...
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