Originally published October 25, 2005
The Federal Energy Regulatory Commission (FERC) has adopted a Policy Statement, effective immediately, concerning enforcement of its rules and regulations and potential penalties for violations of those rules and regulations. FERC also has proposed (i) new "anti-manipulation" rules that would provide new authority to punish fraud in the electricity and natural gas markets, and (ii) new rules for challenging FERC audit findings and remedies. The two proposed rules are subject to public comment and further rulemaking procedures.
These three new measures affect all entities that buy, sell or trade electricity or natural gas, including power marketers, natural gas traders, jurisdictional and non-jurisdictional electric utilities, and other market participants....
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