FERCProposed Rule
Duty of Candor; Withdrawal
EnergyFinance & Banking
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Summary
The Federal Energy Regulatory Commission (FERC) is proposing a rule that requires companies involved in energy projects to be honest and straightforward when dealing with the agency, and establishes a process for these companies to withdraw from projects if needed. This rule aims to ensure the energy sector operates transparently and allows for fair project exits when circumstances change.
Key Points
- 1Energy companies must provide accurate and complete information to FERC and cannot mislead the agency about their projects, finances, or capabilities
- 2Companies can formally withdraw from energy projects they've proposed, but must follow specific procedures and may face certain requirements or penalties
- 3The rule applies to natural gas pipelines, liquefied natural gas (LNG) facilities, hydropower projects, and other major energy infrastructure approved by FERC
- 4Companies that violate the honesty requirement could face enforcement actions, fines, or loss of project approval
- 5The rule gives FERC clearer authority to manage project applications and ensures public trust in the energy permitting process
Key Dates
Published
November 25, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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