More investors in public utilities may now be considered affiliates, thereby significantly increasing compliance obligations and transactions subject to prior FERC approval.
On October 20, 2022, the Federal Energy Regulatory Commission (FERC or the Commission) issued two orders (the Affiliation Orders) significantly broadening the scope of the terms “affiliate” and “change in control” under FERC regulations and precedent pertaining to the Federal Power Act, as amended.
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