April 17, 2020

17 April 2020

Energy Enforcement Update

With the market evolving rapidly, we are pleased to provide you with the following enforcement updates:

  • FERC extends deadlines for filing EQRs and Form No. 552 to June 1, 2020.
  • Trading company challenges PJM FTR forfeiture rule.
  • PJM submits tariff revisions to enhance rules for evaluating and managing credit risk.
  • FERC establishes paper hearing to evaluate proposed rejection in bankruptcy.
  • Parties file summary judgment motions and reply briefs in FERC v. Coaltrain Energy.
  • Kraft conditionally withdraws its motion for sanctions in CFTC v. Kraft Food Group, Inc.
  • Settlement discussions continue in FERC v. Richard Silkman et al.
  • Comments filed on the request for technical conference and petition for rulemaking to update credit and risk management in the ISO/RTO markets.
  • FERC issues Order 860-A on Connected Entity Information.
  • Fourth Circuit finds FERC’s action timely in FERC v. Powhatan Energy Fund, LLC.
  • CFTC approves proposed rule on position limits for derivatives.
  • FERC issues notice of intent to revoke MBR authority to thirteen entities for failure to file EQRs.
  • FERC approves a Stipulation and Consent Agreement between the Office of Enforcement and Emera Energy Incorporated.