Item E-1 | Docket No. AD24-6
FERC today launched an inquiry into whether and how to revise its policy on financial investment company ownership of electric utilities.
The Commission grants, using certain criteria, three-year blanket authorizations for investment companies under section 203(a)(2) of the Federal Power Act. Today’s Notice of Inquiry (NOI) seeks responses to questions about the Commission’s current policy and whether, and if so how, the Commission should revise that policy given the significant changes in the financial services sector in recent years, and their investments in and effects on wholesale electric power markets.
The questions seek views on the Commission’s existing blanket authorization policy and whether it should be revised, whether the Commission should consider the size of an investment company in evaluating a request for blanket authorization, and what factors to consider when evaluating an investment company’s control over public utilities as part of a request for blanket authorization.
Comments by March 26, 2024. Reply comments are due by April 25, 2024
R24-5