FERC Overhauls Energy Regulations in Bid for Efficiency
The Federal Energy Regulatory Commission (FERC) has announced a significant overhaul of its regulations. The review, update, and streamlining of 53 regulations aim to ensure they align with statutory mandates and bolster the nation's energy system. FERC Chair David Rosner described this move as a 'common-sense commitment to a fast and fair regulatory process'.
The 53 regulations, which currently govern various aspects of the energy sector, will sunset in one year after the order's finalization. This means they will automatically expire unless FERC votes to extend them. However, it's unclear which specific regulations FERC plans to repeal or which face the risk of being rescinded within this year-long period.
FERC's new order is set to become effective 45 days after publication in the Federal Register. However, this timeline could be extended if significant adverse comments are received during the public comment period.
The repeal and potential re-adoption of these 53 regulations mark a significant shift in FERC's regulatory landscape. While the exact changes remain uncertain, the commission's commitment to a fast and fair process signals a proactive approach to energy regulation.
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