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Press Releases
“FERC has ‘a fairly robust’ program for auditing utilities with formula rates. ‘The audits, I know from personal experience, are extensive,’ said Gasteiger, who served at FERC for almost two decades, including almost six years as a top official in the Office of Enforcement. ‘And they are effective, because they do a very thorough examination of how adherence to the rate protocols and the formulas is all working.
Hopefully the @FERC @NERC_Official inquiry will examine and acknowledge the value of beneficial investments TOs have been making in local transmission to harden the grid against extreme weather events. More is needed, and regulators should encourage this investment. @wiresgroup https://t.co/oXCZzAndRC
— Larry Gasteiger (@GasteigerLarry) December 29, 2022