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
Prior to the California Supreme Court’s decision in Wilson vs. Cable News Network, Inc., California...
Read More >
Canada’s Competition Bureau (CCB) recently filed a challenge with the Canadian Competition Tribunal...
Read More >
The Centers for Disease Control (CDC) recently addressed the possible spread of COVID-2019 coronavir...
Read More >
In the rapidly growing multi-billion dollar cannabis industry, new developments frequently occur in ...
Read More >
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has released a ...
Read More >
For plan sponsors continuing to maintain individually designed plan documents, the IRS provides an a...
Read More >