⚡New Standards for Business Practices in Public Utilities
Standards for Business Practices and Communication Protocols for Public Utilities
Summary
The Federal Energy Regulatory Commission amends its regulations to incorporate by reference, with certain exceptions, the latest version (Version 004) of the Standards for Business Practices and Communication Protocols for Public Utilities adopted by the Wholesale Electric Quadrant (WEQ) of the North American Energy Standards Board (NAESB). The revisions made by NAESB in the WEQ Version 004 standards are designed to aid public utilities with the consistent and uniform implementation of requirements promulgated by the Commission as part of the pro forma Open Access Transmission Tariff (OATT).
Agencies
- Energy Department
- Federal Energy Regulatory Commission
Business Impact
$$$ - High
The regulation incorporates new standards for public utilities, requiring compliance with updated business practices and cybersecurity protocols. Business owners must adapt their operations by specific compliance dates or face potential penalties. Financial implications arise from the costs associated with these changes.