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Document(s) published by this organization: 293
Show: results per page Sort by:  | FSA Guidance Issued for Non-Calendar Year Plans
Jeanne E. Floyd, Evelyn Small Traub; Troutman Sanders LLP;
Legal Alert/Article July 30, 2012, previously published on July 26, 2012 The IRS released Notice 2012-40 that provides guidance on the $2,500 annual limitation on Flexible Spending Account (FSA) salary reduction contributions that is effective January 1, 2013. The guidance clarifies that the $2,500 limit will apply to the employer’s plan year rather than the 2013...
| | CFPB Publishes Larger Participant Rule for Credit Reporting Agencies
David N. Anthony, Virginia Bell Flynn, Alan D. Wingfield; Troutman Sanders LLP;
Legal Alert/Article July 27, 2012, previously published on July 24, 2012 On July 16, 2012, the Consumer Financial Protection Bureau (CFPB) adopted a regulatory rule to begin supervising larger consumer reporting agencies, which include credit bureaus, e.g. CRAs. Until now, several federal and state regulators with jurisdiction over consumer reporting practices only had...
| | PJM Ordered to Revise Tariff on Auction Revenue Allocation Process
Kevin C. Fitzgerald, Peter S. Glaser, Kevin C. Greene, Clifford S. Sikora, Lara L. Skidmore; Troutman Sanders LLP;
Legal Alert/Article July 27, 2012, previously published on July 23, 2012 On July 11, 2012, FERC issued an order granting the complaint of FirstEnergy Solutions Corp. (“FirstEnergy”) regarding the allocation of Auction Revenue Rights (“ARRs”) under the PJM Interconnection, L.L.C.’s (“PJM”) Open Access Transmission Tariff...
| | Regulators Further Define “Swap” and Finalize End-User Clearing Exception
Brian C. Harms, John J. Leonti; Troutman Sanders LLP;
Legal Alert/Article July 27, 2012, previously published on July 24, 2012 In a joint rulemaking effort between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC, the SEC and CFTC collectively referred to as the "Commissions"), the Commissions recently voted to finalize two major rules under the Dodd-Frank Wall...
| | FERC Finds NERC has Authority to Fine Federal Agencies for Reliability Violations
Kevin C. Fitzgerald, Peter S. Glaser, Kevin C. Greene, Clifford S. Sikora, Lara L. Skidmore; Troutman Sanders LLP;
Legal Alert/Article July 27, 2012, previously published on July 23, 2012 On July 19, 2012, FERC upheld the North American Electric Reliability Corporation’s (“NERC”) proposed penalty against the Southwestern Power Administration (“SWPA”), an entity within the Department of Energy (“DOE”), for violating certain mandatory...
| | FERC Proposes Large Penalties for Alleged Market Manipulation in ISO-NE Demand Response Program
Kevin C. Fitzgerald, Peter S. Glaser, Kevin C. Greene, Clifford S. Sikora, Lara L. Skidmore; Troutman Sanders LLP;
Legal Alert/Article July 27, 2012, previously published on July 23, 2012 On July 17, 2012, FERC accused several entities of fraudulent behavior in ISO New England, Inc.’s (“ISO-NE”) demand response market and proposed significant penalties. FERC issued separate Show Cause and Notice of Proposed Penalty orders to Rumford Paper Company, Lincoln Paper and...
| | FERC Rules on Transmission Development Disputes in MISO and PJM, Discusses Right of First Refusal
Kevin C. Fitzgerald, Peter S. Glaser, Kevin C. Greene, Clifford S. Sikora, Lara L. Skidmore; Troutman Sanders LLP;
Legal Alert/Article July 27, 2012, previously published on July 23, 2012 On July 19, 2012, FERC issued several orders related to whether the governing agreements of the PJM Interconnection, LLC (“PJM”) and Midwest Independent Transmission System Operator, Inc. (“MISO”) include a right of first refusal (“ROFR”) for incumbent...
| | Georgia Court of Appeals Rules that Foreclosure Notice Must Include “True Identity of the Secured Creditor”
John C. Lynch, Jason E. Manning, Andrew Pittman; Troutman Sanders LLP;
Legal Alert/Article July 27, 2012, previously published on July 25, 2012 In a case of first impression, the Georgia Court of Appeals, by a 4-3 majority, ruled that notices of foreclosure must include the “true identity of the secured creditor.” This constitutes a new foreclosure requirement under Georgia law that will significantly impact the ability of...
| | FERC’s McClelland Calls for Enhanced Authority on Cyber-Security
Kevin C. Fitzgerald, Peter S. Glaser, Kevin C. Greene, Clifford S. Sikora, Lara L. Skidmore; Troutman Sanders LLP;
Legal Alert/Article July 27, 2012, previously published on July 23, 2012 On July 17, 2012, FERC’s Director of the Office of Electric Reliability, Joseph McClelland, testified before the Senate Committee on Energy and Natural Resources regarding grid and cyber security matters. McClelland discussed what he believes are the general limitations of FERC’s...
| | PHMSA Proposes Record $3.7 Million Penalty against Enbridge for Oil Spill
Kevin C. Fitzgerald, Peter S. Glaser, Kevin C. Greene, Clifford S. Sikora, Lara L. Skidmore; Troutman Sanders LLP;
Legal Alert/Article July 13, 2012, previously published on July 9, 2012 On July 2, 2012, the Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (“PHMSA”) proposed a record $3.7 million penalty in its Notice of Probable Violation and Proposed Civil Penalty (“NOP”) against Enbridge Energy, Limited...
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