FERC's Enforcement Program – Incremental Updates

Law360, New York (June 30, 2008, 12:00 AM EDT) -- The Energy Policy Act of 2005[1] ("EPAct 2005") authorized the Federal Energy Regulatory Commission ("FERC") to assess civil penalties up to $1 million per day per violation of the Natural Gas Act ("NGA"), the Natural Gas Policy Act ("NGPA"), and Part II of the Federal Power Act ("FPA").[2]

EPAct 2005 also gave FERC express authority over market manipulation in the natural gas and electricity markets. In addition, FERC also has the authority to order disgorgement of unjust profits and the ability to condition, suspend, or revoke...
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