EEI Training - Edison Electric Institute - Developed in conjunction with Skadden, Arps, Slate Meagher & Flom LLP
 

Training is becoming an increasingly important part of every electric and natural gas company's compliance program. In the Energy Policy Act of 2005 Congress gave the Federal Energy Regulatory Commission ("FERC") broad new civil penalty authority for violations of the Federal Power Act - up to $1 million per day per violation, and energy companies have paid millions of dollars as a result of Commodity Futures Trading Commission ("CFTC") investigations. FERC was also given broad new authority to regulate reliability.

If you are audited by FERC, or face an investigation by FERC or the CFTC, one of the questions the regulator is very likely to ask is how you train your employees on regulatory requirements such as the prohibitions on market manipulation and the standards of conduct and compliance with NERC reliability standards. Additionally FERC has said that it will give mitigation credit and reduce penalties for violations for companies with stong compliance programs including training.

As a service to its members the Edison Electric Institute has developed standardized online training programs that allow your employees to be trained from an internet-based program when it is most convenient to them. In addition to being convenient for busy employees, the programs make it easy for compliance officers and training administrators to keep training records. The content of the training materials on anti- manipulation and standards of conduct was developed by compliance experts at Skadden, Arps, Slate, Meagher & Flom LLP. The reliability training was developed by Balch & Bingham LLP, a leader in this area.

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Anti-Market Manipulation Standards of Conduct Reliability