On April 2, 2020 Chairman Chatterjee announced proactive steps the Commission is taking to help regulated entities manage their potential enforcement and compliance related concerns during the Covid-19 pandemic News Release. The Chairman also announced the creation of two Commission Task Forces to expeditiously process standards of conduct waiver requests and No-Action letters.
FERC’s Enforcement program focuses on four priorities:
- Fraud and market manipulation
- Anticompetitive conduct
- Serious violations of the electric reliability standards
- Conduct that threatens the transparency of regulated markets
The Office of Enforcement seeks to encourage compliance with the Commission’s statutes, rules, and orders. In that regard, the enforcement program gathers information about market behavior, market participants, and market rules; works to bring entities into compliance with the applicable energy statutes, Commission rules, regulations, and tariff provisions; and conducts audits and investigations to evaluate compliance with Commission requirements. The enforcement program encourages entities to adopt robust and effective compliance programs and practices. Where violations occur, the enforcement program seeks the imposition of appropriate remedies, including compliance commitments, disgorgement of unjust profits resulting from the violations, and civil penalties.