DES MOINES, Iowa--(BUSINESS WIRE)--The Federal Energy Regulatory Commission last week voted to issue a notice of proposed rulemaking to revisit its rules and regulations implementing the Public Utility Regulatory Policies Act of 1978. Berkshire Hathaway Energy supports the proposed rulemaking to modernize PURPA, as policy revisions will allow the company to provide additional value to its customers.
“We appreciate Chairman Chatterjee’s leadership and the thoughtful efforts of FERC and its staff in issuing this proposal,” said Pat Reiten, Berkshire Hathaway Energy senior vice president of government relations. “We look forward to reviewing the proposed rule and working with FERC and our state commissions to provide cost-effective, renewable resources to our customers.”
Since PURPA was enacted, the energy industry has drastically changed, and PURPA’s regulations have led to unintended consequences resulting in above-market prices for certain energy contracts. As Berkshire Hathaway Energy acquires increasing amounts of renewable generation, the proposed reforms will provide greater opportunities to ensure customers receive the best energy prices.
About Berkshire Hathaway Energy
From our roots in renewable energy, Berkshire Hathaway Energy has grown to a $92 billion portfolio of locally managed businesses that share a vision of being the best energy company in serving our customers, while delivering sustainable energy solutions. These businesses deliver affordable, safe and reliable service each day to more than 11.8 million electric and natural gas customers and end-users around the world. Our employees pride themselves in putting customers first in all they do, and as a result, our businesses consistently rank high among energy companies in customer satisfaction. Berkshire Hathaway Energy is headquartered in Des Moines, Iowa, U.S.A. Learn more at www.brkenergy.com.