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ARTICLE · 31 DECEMBER 2015

FERC Issues NOPR Proposing Changes To Ownership Information Submitted With MBR Filings

FERC proposes to amend its MBR regulations to require sellers seeking to obtain or retain MBR authority to identify two categories of upstream owners.

United StatesEnergy and Natural Resources

On December 17, 2015, FERC issued a Notice of Proposed Rulemaking (NOPR) containing proposed revisions to its market-based rate (MBR) regulations regarding the ownership information that sellers seeking to obtain or retain MBR authority must provide. In the NOPR, FERC proposes to amend its MBR regulations to narrow the ownership information required for an assessment of horizontal or vertical market power under the MBR regulations. Additionally, FERC proposes amendments to its MBR regulations to clarify the types of ownership changes that must be reported via a notice of change in status. The NOPR indicated that these proposed revisions are intended to complement the amendments to the MBR regulations recently made in Order No. 816 (see October 19, 2015 edition of the WER).

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