FERC Asks Vanguard If It Forces Utilities to Dump Fossil Energy

The Federal Energy Regulatory Commission's (FERC) two Republican members, Mark Christie and James Danly, sent a letter to Vanguard Group asking the company for detailed information about how it throws its weight around with the companies it invests in. Specifically, the two FERC commissioners want to know if Vanguard, with some $8.5 trillion (!) under management, is guilty of forcing local electric utility companies to avoid using or buying electricity that comes from natural gas power plants, under the excuse of lowering so-called greenhouse gas emissions.

---

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