FERC

Summary

The Federal Energy Regulatory Commission (FERC) Standards of Conduct govern the relationship between transmission providers (both electric and natural gas) and their affiliates. The Standards, which aim to ensure that all affiliates are treated on a nondiscriminatory basis, regulate the interactions and exchange of information between "transmission-function employees" (TFEs) and "marketing-function employees" (MFEs). Under the Standards, which were revised substantially in 2008, an employee's job functions — not his or her job title — determine whether he or she is a TFE or an MFE.

The Standards impose these rules and requirements:

  • The Non-Discrimination Requirements prohibit a transmission provider from favoring affiliates over non-affiliates;
  • The Independent Functioning Rule requires that TFEs work independently from MFEs;
  • The No Conduit Rule restricts the information that transmission providers may disclose to MFEs; and
  • The Transparency Rule requires that transmission providers disclose certain information on their website.

© WeComply/Thomson Reuters

Key Resources

For your convenience, ACC has compiled the following key resources to assist you in your compliance efforts.

For more try searching ACC's online library for "Energy Regulation"

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