Category — Business Developments

Just announced, the Federal Trade Commission (“FTC”) has suspended enforcement of the Red Flags Rule for a third time, resulting in a new compliance date of November 1, 2009, which is an additional three month delay from the most recent compliance date of August 1, 2009 (see May 1, 2009 edition of the WER). [Read more →]

On July 16, 2009, the Western Area Power Administration (“WAPA”) and an LS Power affiliate, Great Basin Transmission LLC (“Great Basin”), announced that they have entered into a memorandum of understanding (“MOU”) where WAPA may partner with Great Basin to develop the Southwest Intertie Project (“SWIP”). While the MOU will not affect Great Basin’s current open season for SWIP, a partnership with WAPA could allow construction to start while arrangements for the sale of capacity to third-party shippers are being negotiated. [Read more →]

On June 19, 2009, the National Association of State Utility Consumer Advocates (“NASUCA”) released a report that recommended changes to the governing structures of regional transmission organizations (“RTOs”) and independent system operators (“ISOs”). The report was prepared by a NASUCA special committee, and has since been adopted by resolution of NASUCA members. [Read more →]

On Thursday, FPL Group, Inc. (“FPL”) announced that former FERC Chairman Joseph T. Kelliher will serve as the company’s Executive Vice President, Federal Regulatory Affairs. The newly created position will have Kelliher oversee all of FPL’s federal energy regulatory policy matters. Kelliher will report directly to FPL’s Chairman and CEO. [Read more →]

On April 16, 2009, President Barack Obama and President Felipe Calderon announced that the U.S. and Mexico would strengthen cooperation to achieve a low carbon future and promote clean energy resources by establishing the U.S.-Mexico Bilateral Framework on Clean Energy and Climate Change (“Framework”). Both Presidents agreed that the two nations need to work together to obtain the common goal of addressing global warming. [Read more →]