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ARTICLE · 25 JANUARY 2016

Supreme Court Decision Alert - January 25, 2016

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Today, the Supreme Court issued three decisions, described below, of interest to the business community: Federal Power Act—Federal Regulation of Demand Response in the Wholesale Energy Market; Statutes of Limitations—Equitable Tolling; Employee Retirement Income Security Act—Stock-Drop Actions

United StatesLitigation, Mediation & Arbitration

Today, the Supreme Court issued three decisions, described below, of interest to the business community.

  • Federal Power Act—Federal Regulation of Demand Response in the Wholesale Energy Market
  • Statutes of Limitations—Equitable Tolling
  • Employee Retirement Income Security Act—Stock-Drop Actions

Federal Power Act—Federal Regulation of Demand Response in the Wholesale Energy Market

FERC v. Electric Power Supply Association, No. 14-840; EnerNOC, Inc. v. Electric Power Supply Association, No. 14-841

The Federal Power Act (FPA) grants the Federal Energy Regulatory Commission exclusive jurisdiction over "the sale of electric energy at wholesale in interstate commerce." 16 U.S.C. § 824(b)(1). FERC may regulate any "rule, regulation, practice, or contract affecting [a wholesale] rate." Id. § 824e(a). But only states may regulate "any other sale of electric energy"—namely retail sales to consumers. Id. § 824(b)(1). The wholesale and retail markets are

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