X
18Dec

FERC Clarifies FPA Section 203 Authorization Requirements Prior to Acquisition of a Utility’s Operational Management Responsibilities

Troutman Pepper | | Return|
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
Source Url: https://www.jdsupra.com/legalnews/ferc-clarifies-fpa-section-203-69455/

Related

That’s Final: Department of Labor Issues Final Rule Increasing Salary Thresholds for Exempt Employees, including Highly Compensated Employees

On Sept. 24, 2019, the U.S. Department of Labor (DOL) unveiled its final rule to update the Fair Lab...

Read More >

Beer Brand Battle Continues With Preliminary Injunction

A federal court judge has weighed in on the battle dubbed “Corngate” between Bud Light and competi...

Read More >

When “Free” Trials Come With Strings Attached: Attorneys General Ask FTC To Look Into Deceptive Negative Option Marketing

Consumer Protection- When “Free” Trials Come With Strings Attached: Attorneys General Ask FTC to ...

Read More >

Proposed Rule Would Preclude Undergraduate and Graduate Students from Union Organizing

On September 23, 2019, the National Labor Relations Board (NLRB) published a Notice of Proposed Rule...

Read More >

Sexual Harassment In The Workplace: What Dutch Companies Need To Know

What constitutes sexual harassment? Sexual harassment occurs if someone shows verbal, non verbal or...

Read More >