FERC enforcement report 2017 highlights

December 2017

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Power & Utilities overview

The Federal Energy Regulatory Commission released its annual report detailing FERC’s enforcement activities in 2017. To help you, we’ve highlighted some of the top issues triggering investigations and audits. View our brief to see the top priorities of FERC staff and the most common areas of noncompliance identified. In general, the office reports an increase in litigation activities during the fiscal year, with continued focus on its ongoing investigative, audit, surveillance and market oversight responsibilities.

DAA at a glance

Closer look at Division of audits and accounting findings

In FY2017, while the overall volume of audits decreased, the number of recommended actions, refunds and recoveries increased during the fiscal year as a result of Division of audits and accounting (DAA) action. The division performed 11 audits of regulated entities resulting in 301 recommendations for corrective action, and directing refunds and recoveries totaling $13.3 million. This compares to the 14 audits completed in FY2016, which generated 214 recommendations for corrective action and $5.3 million in refunds and recoveries.

Contact us

Alan Felsenthal
US Power and Utilities Managing Director, PwC US
Tel: +1 (312) 298 2234
Email

Robert Keehan
US Power and Utilities Assurance Leader, PwC US
Tel: +1 (703) 981 8673
Email

Alan Conkle
Power & Utilities Risk Assurance Leader, PwC US
Tel: +1 (312) 298 4461
Email

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