FERC’s Proposed Policy Changes Mean Uncertainty, Fewer Gas Projects

Under orders from the White House, earlier this year Federal Energy Regulatory Commission (FERC) Chairman Richard "Dick" Glick tried to permanently enshrine global warming considerations as a requirement to approve all new pipeline projects (see FERC Democrats Ram Thru Global Warming Policy for Pipe Decisions). Under extraordinary pressure from just about everyone (both Republicans and Democrats), a month later he backed off (see FERC’s Glick Does “Abrupt About-Face” on New Global Warming Regs). But FERC still plans to adopt these onerous changes. According to attornies with Morgan, Lewis & Bockius, the proposed changes "are significant, having the potential to stifle the development of greenfield projects and major expansions if they are allowed to go forward."

To view this content, log into your member account. (Not a member? Join Today!)