News Release: July 11, 2011
FERC to Institute Public Review of Regulations
Federal Energy Regulatory Commission (FERC) Chairman Jon Wellinghoff announced today that the Commission will implement President Barack Obama’s executive order asking independent agencies to engage in a public effort to reassess and streamline their federal regulations.
The President today issued an executive order asking FERC and other independent regulatory agencies to take new steps to ensure smart, cost-effective regulations designed to promote economic growth and job creation by seeking public comments and engaging stakeholder participation on their plans to reassess and streamline existing regulations. In January, President Obama ordered federal agencies to make such assessments, but that order did not extend to independent regulatory agencies.
“FERC welcomes the President’s new executive order for a more formal, public reassessment of our regulations and their effect on the economy,” Chairman Wellinghoff said. “The Commission complied with the spirit of the President’s January order when I directed staff to perform an internal assessment of the effectiveness of our regulations. And as part of our normal procedure, FERC’s regulatory process is open and public. The President’s new directive will be a useful addition to our continuing efforts to ensure FERC regulations are effective, timely and up to date.”