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Day of Decision for FERC

How will the commission answer Congress’ call for energy market transparency?

Fortnightly Magazine - December 2005

staff operational audit findings, as well as financial audit findings, before a FERC order issues. Procedures for Disposition of Contested Audit Matters , 113 FERC ¶ 61,069 (2005).

8. Santa Fe Industries v. Green, et al. , 430 U.S. 462, 471-77 (1977); Ernst & Ernst v. Hochfelder , 425 U.S. 185, 197-215 (1976).

9. Market Manipulation NOPR, supra , 113 FERC ¶ 61,067, PP 8-9.

10. Sam E. Fowler, Democratic Chief Counsel, U.S. Senate Comm. On Energy & Nat. Resources, Remarks at the Energy Bar Ass’n Legislative Program on the Energy Policy Act of 2005, Wash., D.C. (Sept. 29, 2005).

11. Policy Statement on Enforcement of Statutes, Orders, Rules, and Regulations , 113 FERC ¶ 61,068, P 1 (2005) (“Enforcement Policy Statement”). The market manipulation NOPR states that the “principles discussed in the policy statement on enforcement … will also apply to ‘any entity’ as defined herein.” 113 FERC ¶ 61,067, supra, P 9 n.12. The scope of such guidance on principles for any entity may be greater than the scope of notice of consequences of violation for jurisdictional entities.

12. Enforcement Policy Statement, supra , 113 FERC ¶ 61,068, PP 4-5 & 15.

13. NGPA civil penalties are increased to a FERC-assessed limit of $1 million for a violation, and to a President-assessed limit of $1 million, for gas supply emergency purchase or emergency allocation violations.

14. Enforcement Policy Statement , supra, 113 FERC ¶ 61,068, PP 2, 17-20.

15. Id., PP 21-29.

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