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 an effort to give consumers more control over the data businesses collect from and about them, th...
Read More >
The Northern District of Illinois held earlier this week that disgraced former Illinois state repres...
Read More >
The non-ERISA §403(b) space is the last bastion of high, hidden costs in retirement plans. That’s t...
Read More >
On February 25, 2020, the National Labor Relations Board released its long-awaited final rule regard...
Read More >
On 6 March 2020, the European Commission (Commission) cleared the acquisition of joint control over ...
Read More >
The Setting Every Community Up for Retirement Enhancement Act (the SECURE Act) was passed on Decembe...
Read More >