On Thursday, the Federal Energy Regulatory Commission (“FERC” or “Commission”) issued an order offering guidance (“Guidance Order”) on conducting compliance audits to the North American Electric Reliability Corporation (“NERC”) and the eight regional entities (“Regional Entities”) with responsibility for enforcing reliability standards. The Guidance Order was released on the same day the Commission approved an audit report of SPP’s reliability functions.

On Wednesday, Federal Energy Regulatory Commission (“FERC” or “Commission”) Chairman Joseph T. Kelliher announced that he would step down as Chairman effective January 20.  His term on the Commission does not end until 2012, but he said that he will immediately begin to recuse himself from FERC business.