Wednesday, January 25. 2023
FERC Enhances Reliability Standards for Monitoring Electric Grid Cyber Systems
On January 19th, the FERC approved rules to improve the cybersecurity of the grid by issuing several directives to the North American Electric Reliability Corporation (NERC). Under the new rules, the NERC is required to develop and submit reliability standards for FERC approval that would require internal network security monitoring (INSM) for both medium-impact systems with high-speed internet connections and high-impact bulk electric system (BES) cyber systems with external routable connectivity.
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Tuesday, January 17. 2023
Simplify FERC Reporting with XBRLworks
XBRLworks is the smart, cloud-based financial reporting solution that streamlines compliance with FERC regulations by connecting people, processes, and data. Our user-friendly solution allows you to access your FERC filings from any device, anywhere. XBRLworks is all of your compliance needs met with one trusted solution.
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Friday, January 13. 2023
Birthday of Martin Luther King, Jr.
The SEC will be closed Monday, January 16th in observance of Martin Luther King, Jr.’s birthday. The EDGAR System will not receive, process, or accept filings on this day. Filings with a due date of January 16th will be due the following business day, Tuesday, January 17th. The FERC will also be closed in observance of the federal holiday. eForms will accept filings submitted on January 16th. {expires: 2023-01-17}
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Monday, January 09. 2023
FERC Proposes Updates to Oil Pipeline Affiliate-Only Committed Service Policy
The FERC has proposed to update its policy for evaluating whether an affiliate-only committed service on an oil pipeline is just, reasonable, and not unduly discriminatory. The FERC is reviewing the manner in which it analyzes whether a contractually committed transportation service for an oil pipeline is in compliance with the Interstate Commerce Act (ICA) when the only shipper to obtain the service is the oil pipeline’s affiliate.
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President Biden Appoints Willie Phillips as FERC Acting Chairman
On January 3rd, the Federal Energy Regulatory Commission (FERC) announced that President Biden has named Willie L. Phillips FERC Acting Chairman. Mr. Phillips joined the FERC in December 2021 after practicing regulatory law for nearly 20 years in both the public and private sectors. Mr. Phillips also has a comprehensive background in the areas of public utility regulation, bulk power system reliability, and corporate governance.
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