- DOE Vacates Excelerate Liquefaction Solutions' LNG Export Authorization
- October 16, 2015
- Law Firm: Sutherland Asbill Brennan LLP - Washington Office
The Federal Energy Regulatory Commission (FERC) has proposed requiring the operators of centralized wholesale power markets to collect and provide to FERC a broad range of market participant data, including (i) each market participant’s “Legal Entity Identifier” (LEI), which is a unique alpha-numeric identifier used by other regulatory agencies, (ii) “Connected Entity” data, which would identify affiliates, officers and other entities that have ownership, employment, financial, or contractual relationships with the market participant, and (iii) a description of the Connected Entity relationships. This initiative is intended to bolster FERC’s ability to investigate trading patterns and detect manipulation in energy markets. The proposed rule could prove to be a substantial burden on market participants that would have to submit the data to market operators for submission to FERC. Comments on FERC’s proposal are due November 30, 2015.