Type:Rule
Citation:86 FR 11424
Reading Time:about 3 minutes
The Federal Energy Regulatory Commission (FERC) has released a final rule to update its filing fees based on costs from Fiscal Year 2020. This update revises the fees FERC charges for various services and is effective as of March 29, 2021. The changes aim to ensure that fees reflect FERC's current expenses and have been verified as not being a major rule according to regulatory standards. The new fees will be communicated to Congress and are detailed in amendments to part 381 of the Code of Federal Regulations.
Simple Explanation
The Federal Energy Regulatory Commission updated the fees it charges for its services based on last year's expenses, making sure they match what it costs to do the work. These new prices start on March 29, 2021.