Home Page - The Energy and Infrastructure Pulse

Jan 232023

FERC Opens 2023 With Leadership Transition

Electric transmission, Energy, FERC, Natural Gas, Power, ROE

January 23, 2023

Former U.S. Federal Energy Regulatory Commission (FERC or the Commission) Chairman Richard Glick has officially departed the independent Commission after failing to secure a reconfirmation hearing before the Senate in December 2022. Glick’s departure leaves the Commission with a 2–2 split between Democrats and Republicans that could stall a number of major initiatives that were ongoing under the former Chairman and the Commission’s Democratic majority.

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Karl Pielmeier III

Sarah Tucker

Washington, D.C.

stucker@sidley.com

Dec 192022

2022 Sidley Energy Enforcement Update

Criminal, DOJ, Energy, Energy and Commodities Trading, Enforcement, FERC, FPA, Manipulation, Natural Gas

Jimmie Zhang and Sarah Tucker

December 19, 2022

This Sidley Energy Enforcement update covers:

Federal Energy Regulatory Commission (FERC) approves settlement between Enforcement staff and Coaltrain
Both FERC and Commodity Futures Trading Commission (CFTC) enforcement reports highlight the respective agency’s continued commitment to strong enforcement
U.S. Court of Appeals for the Fifth Circuit upholds FERC’s finding that BP manipulated the natural gas market but remands to FERC to recalculate its $20 million penalty
CFTC orders Glencore to pay a record-setting penalty of $1.186 billion
CFTC and Securities and Exchange Commission (SEC) orders over $1.8 billion in fines against 11 firms for recordkeeping failure — employees using unapproved method of communications such as texts and WhatsApp on personal devices

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