FERC Settlements Reflect Enforcement Focus on Generators’ Failure to Provide Value

At the Nov. 20, 2025, public meeting of the Federal Energy Regulatory Commission (FERC), Chairman Laura Swett asked Office of Enforcement and Regulatory Accounting (OERA) staff for the “biggest takeaway” from their annual Report on Enforcement. In response, OERA staff summarized a recurring focus in recent FERC enforcement matters. The staff explained, “one constant you see in many of the cases … is that value needs to be provided consistent with the obligations imposed by the terms of services... By: McGuireWoods LLP