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S. 186, Fair RATES Act (CBO Report for Congress)

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Congress 115th
Date Requested March 8, 2018
Requested By Senate Committee on Energy and Natural Resources
Date Sent April 2, 2018
Description:

Under the Federal Power Act (FPA), the Federal Energy Regulatory Commission (FERC) is responsible for ensuring that rates, terms, and conditions set by public utilities related to interstate transmission and sales of electricity are just and reasonable. Section 205 of that act requires public utilities to notify FERC of any changes to such rates, terms and conditions. Under current law, FERC has 60 days to review proposed changes and issue an order determining whether such changes can take effect. Affected parties can seek a rehearing of FERC’s decision and a subsequent review by an appellate court. If, however, FERC fails to issue an order within 60 days, any proposed changes take effect automatically. In the absence of an official decision by FERC, affected parties cannot request a rehearing.

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