On November 17, the Federal Energy Regulatory Commission (FERC) Office of Enforcement (OE) issued its 2016 Report on Enforcement. The report provides a review of OE’s activities during fiscal year 2016, revealing likely areas of focus for FERC enforcement in the coming year.
The report indicates OE’s continued focus on the same areas of market and operational risk that have traditionally captured its attention, although the targets of those investigations are contesting OE’s claims in the court system. The report also indicates that the vast majority of alleged violations that come to OE’s attention are addressed informally through corrective actions voluntarily implemented by the subject of the investigation, without the need for a formal settlement.
Read more about the FERC’s 2016 Report on Enforcement in our recent LawFlash. The report as well as accompanying FERC staff white papers that provide insight into OE’s views on emerging trends also will be discussed in further detail during an upcoming webinar hosted by Morgan Lewis