FERC proposes amendments to FAST Act regarding Critical Infrastructure Information
The Federal Energy Regulatory Commission (FERC) proposed amendments to the Fixing America’s Surface Transportation Act (FAST Act) on Thursday that would require Critical Energy/Electric Infrastructure Information (CEII) sharing with other federal agencies and authorities.
If approved, the amendments would establish new CEII criteria to best determine what can be designated as CEII. The proposed amendments, under section 215A, would also establish sanctions for FERC employees who disclose CEII without authorization, and would allow CEII sharing among federal, state, municipal and tribal authorities, along with other stakeholders.
Electric Power Supply Association (EPSA) President and CEO John E. Shelk commended the FERC on its proposal, adding that it would greatly improve the energy market price formation.
“EPSA commends FERC Commissioners and staff for today’s unanimous adoption of a two-part final rule to begin needed improvements to wholesale energy market price formation,” Shelk said. “EPSA strongly supported both reforms in comments filed with FERC as part of EPSA’s priority efforts on energy price formation issues. EPSA is encouraged by today’s approval of this two-part final rule and implores FERC to take additional final action this year on other pending matters to fully improve Day Ahead and Real Time energy pricing so that wholesale markets continue to deliver reliable power supplies at just and reasonable rates.”
President Barack Obama signed the FAST Act into law in December. Comments on the Notice of Proposed Rulemaking may be submitted during a 45-day period following publication on the Federal Register.
