• Dodd-Frank Wall Street Reform and Consumer Protection Act an Energy Industry Analysis
  • September 6, 2010 | Authors: William "Bill" R. Derasmo; Brian C. Harms; Jeffrey M. Jakubiak; John J. Leonti
  • Law Firms: Troutman Sanders LLP - Washington Office ; Troutman Sanders LLP - Atlanta Office ; Troutman Sanders LLP - Washington Office ; Troutman Sanders LLP - New York Office
  • The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”), enacted on July 21, 2010, represents the most comprehensive legislation change to the financial sector since the 1930s. While the resulting changes will predominantly affect financial institutions, several changes will largely affect energy companies as well. Due to the broad discretion of authority granted under the Dodd-Frank Act, the full impact of these changes will not be known until the regulatory implementation of the act is complete. As such, it is important for energy companies to recognize, and consider participating in, the upcoming regulatory proceedings and rulemakings that will fully implement the Dodd-Frank Act. While nearly all of the Titles within the Dodd-Frank Act can have some indirect impact on energy companies, this memorandum focuses on the titles that will directly or could significantly affect the traditional functions of energy companies within the utility industry.