FERC to Overhaul Regulations, Repeal 53 Rules in 'Common-Sense' Move
The Federal Energy Regulatory Commission (FERC) is set to overhaul its regulations. In a move described as a 'common-sense commitment' by Chair David Rosner, FERC aims to align its rules with statutory mandates and bolster the nation's energy system.
FERC will repeal 53 regulations as part of this update. These regulations will automatically expire one year after the new order's finalization, unless FERC votes to extend them. The new order is slated to take effect 45 days after publication in the Federal Register, barring significant adverse comments.
Rosner highlighted the need for a fast and fair regulatory process, indicating that the review and streamlining of regulations is a key step towards achieving this. The specific details of the 53 regulations to be repealed and their impacts have not been disclosed.
The review and update of FERC's regulations are expected to strengthen the nation's energy system and ensure a fair regulatory process. The repeal of 53 regulations will take effect in the coming months, subject to potential extensions or significant adverse comments.
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