A recent decision of the Alberta Utilities Commission (AUC) and a recent policy development at FERC reinforce an important principle of public utility law – regulated companies have a responsibility and a duty to disclose all relevant information to the regulator. In June of 2022 the AUC issued a decision approving a negotiated settlement reached between enforcement staff and ATCO Electric ordering ATCO to pay an administrative penalty of $31 million as a result of breaching its duty to disclose relevant facts and other important information to the regulator. On July 28, 2022 FERC proposed a new rule that would significantly expand the existing “duty of candor” rule to apply to all FERC jurisdictional entities. The current rule was limited in its application to “sellers” of power at market based rates.
This session will explore the application and increasing importance of the duty to disclose and its implications for lawyer, regulators, utilities and market participants in North America.
Arbitrator & Counsel
ENERGY LAW CHAMBERS
Co-Leader, Energy Practice Group
REGISTRATION INFORMATION AND FEES:
*The registration fee for this event will be discounted from your 2023 membership fee, if you join or renew by November 18th.
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No registration fee refunds will be granted for cancellations received after October 21, 2022. In order to receive a refund (less $10 administrative fee), the EBA must receive your written notice of cancellation two days before the proposed panel date. Registrants who are unable to attend may send a substitute for the entire program. EBA regrets that refunds will not be given for no-shows. Send a cancellation request by email to Olivia Dwelley at firstname.lastname@example.org or by fax to (202) 833-5596.
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For more information on this event, please contact the Energy Bar Association at (202) 223-5625 or by email at email@example.com