FERC Clarifies Upstream Affiliate Ownership Disclosure Requirements
Wednesday, 6 March 2024, 17:03
FERC Clarifies Upstream Affiliate Ownership Disclosure Rules
On February 23, 2024, the Federal Energy Regulatory Commission (FERC) issued an order approving an application for market-based rate (MBR) authority to VESI 12 LLC. However, the ruling comes with a significant emphasis on disclosing relationships with upstream affiliates within MBR applications to ensure transparency and fair competition.
Key Points:
- FERC Order: Clarified ownership disclosure rules for MBR applications
- Transparency: Emphasized the importance of disclosing relationships with upstream affiliates
- Impact: Affects energy market participants seeking MBR authority
This decision highlights FERC's commitment to maintaining fairness and competition in the energy market by ensuring clear disclosure of ownership structures.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.