FERC Chairman Mark Christie today announced that the Office of Enforcement will be renamed the Office of Enforcement and Regulatory Accounting (“OERA”) to better reflect the important work of the entire office. The change is in name only; the responsibilities and mission of the office will remain the same.
The regulatory accounting work in the office includes the Commission’s audit, accounting, and financial forms programs that assist consumers in obtaining reliable and efficient energy service at a reasonable cost and ensure rates paid by consumers meet the standards under Commission statutes.
“The work of this office extends far beyond enforcement, so I think it is important for those doing the accounting work to be recognized,” Chairman Christie said. “In particular, the office plays an important role in overseeing the compliance of electric utilities with FERC's regulations regarding transmission rates, including those established through formula rates.
“Regulatory accounting has always been at the core of utility regulation. In Virginia, we had an entire division named for its accounting function, and it is only proper for OERA to reflect its accounting function as well,” said Christie, a former utility regulator in Virginia.
The Office of Enforcement and Regulatory Accounting will continue to serve the public interest by protecting consumers through market oversight and surveillance; assuring compliance with tariffs, rules, regulations, and orders; detecting, auditing, and investigating potential violations; and crafting appropriate remedies, including civil penalties and other measures.
You may view the Office’s annual report here.
The new name becomes effective Monday, August 25, 2025.