The Federal Energy Regulatory Commission (FERC or the
Commission) Office of Enforcement (OE) issued its 2018 Report on
Enforcement on November 15. The report provides a review of
OE's activities during fiscal year 2018 (FY 2018), which begins
October 1 and ends September 30 annually. Like last year, the
report reveals likely areas of focus for FERC enforcement in the
coming year, and provides guidance to the industry based on the
wide variety of enforcement matters that are otherwise non-public
by synthesizing some of the more disparate developments from
audits, market surveillance, and other enforcement activities for
the benefit of industry stakeholders.
The report indicates OE's continued focus on the same areas
of market and operational risk that have traditionally captured its
attention. Particularly, OE has focused on enforcement activity
concerning conduct that undermines regulated energy markets and
poses a significant threat to the reliability of the
