Federal Energy Regulatory Commission v. Electric Power Supply Assoc.

Posted: December 7, 2015 by beguide in case summaries, Fantasy Supreme Court League, Government Action, Governmental Agencies, Money Money!, Technology
Tags: ,

WHAT HAPPENED?

The Federal Energy Regulatory Commission passed regulations that affect the wholesale-electricity retail markets. This has an effect on how electricity is regulated, since /retail energy trading is a market that can assist parties/businesses who consume high amounts of electricity and can also help energy providers prevent blackouts

WHY IS THIS BEFORE THE SUPREME COURT?

This is a case that deals with how administrative agencies make rules and regulations in the market of private business. While the FERC has authority to control certain aspects of the energy market, this particular type of market is not specifically given to the FERC from Congress, so the question is whether or not the Court will infer this type of power in favor of the FERC.

FULL DISCLOSURE: I don’t understand this case at all. I tried very hard to research the legal issues and listen to the oral argument, but at the end of the day it seems to come down to economics, wholesale, and numbers. My public high-school education and liberal arts college degree did not adequately prepare me for blogging about these topics.

WHAT IS THE RULING

This case is not yet decided.

WHAT ARE THE RAMIFICATIONS OF THIS DECISION?

By all accounts, the ramifications of this decision are really just limited to the regulation of retail and wholesale energy. If you are interested in this case more, you should watch the Enron documentary, Enron: The Smartest Guys in the Room, which is part why we are here to begin with.

YOU SHOULD ROOT FOR FERC IF YOU

Like the bureaucracy of politics over the bureaucracy of big business.

YOU SHOULD ROOT FOR THE ELECTRIC POWER SUPPLY ASSOC IF YOU:

Look forward to the potential disaster that comes from unregulated capitalism.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s