Justice Department and FTC Submit Joint Comment to FERC Explaining that Common Ownership by Investment Companies Can Raise Competition Concerns

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Summary

The Federal Energy Regulatory Commission (FERC) is reviewing its policy on investment company ownership of public utilities under Section 203 of the Federal Power Act. The current policy allows blanket authorizations for certain transactions, assuming they are in the public interest. The commission is seeking public comments on its policy and encouraging consideration of the competitive consequences of common ownership in revising its authorization policy.

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