FERC Urges DC Circ. To Back Group's Power To Fine Feds

Law360, New York (October 17, 2013, 1:14 PM EDT) -- The Federal Energy Regulatory Commission told the D.C. Circuit on Tuesday that the Federal Power Act authorizes a nonprofit industry group overseeing the nation’s electric grids to fine all users, owners and operators of bulk-power systems, including federal agencies, for not meeting reliability standards.

In a 97-page brief to the D.C. Circuit, FERC defended its decision affirming a $19,500 fine that the North American Electric Reliability Corp. assessed in July 2011 against the Southwestern Power Administration, an agency of the U.S. Department of Energy, for violations...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.