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Article: FERC ISSUES FACT SHEET ON SECURITIES TRANSACTIONS BY INVESTMENT FIRMS
- Article from:
- US Fed News Service, Including US State News
- Article date:
- November 6, 2008
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The U.S. Department of Energy's Federal Energy Regulatory Commission issued the following fact sheet:
The Federal Energy Regulatory Commission (FERC) has authorized corporate transactions in four separate orders, and in so doing addressed issues concerning investment company ownership in utilities under section 203 of the Federal Power Act (FPA).
The orders demonstrate that FERC's implementation of the Energy Policy Act of 2005 is fulfilling the congressional intent of reducing barriers to investment in the utility industry while protecting customers from harmful effects on competition, rates, regulation and cross-subsidization. Reducing barriers to investment is particularly important in ...