18Dec
FERC Clarifies FPA Section 203 Authorization Requirements Prior to Acquisition of a Utility’s Operational Management Responsibilities
On December 2, 2020, FERC clarified that when an entity with passive equity holdings in a company later wants to assume operational responsibilities over the company, the entity must obtain authorization under Federal Power Act (“FPA”) section 203 prior to the assumption of operational management responsibilities. FERC’s December 2 order on rehearing modified the discussion in a May 29, 2020 order in the proceedings approving Tenaska Lotus Holdings, LLC’s (“Tenaska Lotus”) assumption of rights...
By:
Troutman Pepper
Related
In Germany, paying contributions to the statutory (state) social security pension is compulsory for ...
Read More >
The Americans with Disabilities Act not only provides protections for disabled persons but also thos...
Read More >
Biometric information is unique to each of us, including our fingerprints, voice, face, iris, and DN...
Read More >
The Illinois Supreme Court’s recent decision in Restore Construction Company v. Board of Education ...
Read More >
The impact of COVID-19 on construction projects will vary significantly from jurisdiction to jurisdi...
Read More >
Earlier this summer, Plenary Properties Merced completed construction on the well-known UC Merced 20...
Read More >