Pursuant to the Federal Energy Regulatory Commission (“FERC”) November 15, 2012 Order Directing Further Conferences and Reports, the FERC Staff issued its third Gas-Electric Coordination Quarterly Report to the Commission (“Third Quarterly Report”) on September 19, 2013, which provides updates on coordination efforts for the period June 2013 through August 2013 via FERC initiatives, regional initiatives, … Continue reading
The Federal Energy Regulatory Commission (“FERC”) has initiated investigations into energy market manipulation in the last two years that have resulted in nearly $1 billion in penalties and profit disgorgements from companies and traders. See our previous posts here, here, and here. Despite the significant enforcement efforts undertaken thus far, FERC Chairman Wellinghoff recently identified additional … Continue reading
In our Going With the Flow series, we are discussing the evolution of policy related to the recent bi-directional flow of natural gas that has resulted from an increased supply of gas in the Northern and Eastern regions of the United States. In our previous “Going With the Flow” post, we discussed the traditional backhaul … Continue reading
The shale natural gas boom has presented tremendous opportunities for the U.S. to compete in the global energy market. The increased supply of natural gas boasts the potential for cleaner electricity generation, lower domestic fuel prices, increased job opportunities, and a seat for the U.S. at the table of global natural gas exporters. When … Continue reading
On July 9-10, 2013, the U.S. House of Representatives Energy & Commerce Committee’s Subcommittee on Energy and Power held hearings, a markup, and a vote regarding several pieces of energy legislation, including H.R. 1900, the Natural Gas Pipeline Permitting Act, and H.R. 1582, the Energy Consumers Relief Act of 2013, and H.R. 83, which … Continue reading
During the first two quarters of this year we have seen substantial activity at the national and regional levels focused on the interdependency of the natural gas and electric industries. The increasing interdependence of these energy resources stems from the proliferation of electricity generators that are fueled by natural gas and has prompted the … Continue reading
In the last several weeks, the European Union’s investigation into potential manipulation of oil benchmark pricing has illuminated the global impact of activity in the energy markets and related policy development. The EU investigation, headed by the European Commissioner for Competition, is looking into whether there has been coordinated and collusive manipulation of benchmark … Continue reading
With the increasing supply of domestic natural gas, there is a growing consensus that liquefied natural gas (“LNG”) exports represent an opportunity for the United States to become a major player in the global energy sector. The last couple of weeks have seen developments that may move our country closer to becoming a major … Continue reading
The paths of the energy industry and probing government investigations are crossing more and more often, as regulators and legislators have made it a priority to ensure the integrity of energy markets. The Federal Energy Regulatory Commission (“FERC”), Office of Enforcement has made fraud and market manipulation one of its top four priorities, prompting … Continue reading
The interdependence of the natural gas and electric industries is an issue that has captured the focus of the Federal Energy Regulatory Commission (“the Commission”) since 2011. In February 2011, widespread power outages occurred in the Southwest United States when low temperatures caused natural gas compressors to freeze, cutting off the supply for natural … Continue reading