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Federal Energy Regulatory Commission Chairman Joseph Kelliher believes his agency is up to the task of new utility merger review duties heaped on by the passage of the Energy Policy Act of 2005, which repealed major restrictions on industry acquisitions. Kelliher noted that while the commission needs to complete work on 15 major rules in the next 180 days, FERC is also prepared to help hurricane-ravaged utilities recover costs to repair their power systems, a move that could set a precedent.
September 14, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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