By Carl Surran, Seeking Alpha News Editor
July 10, 2017
Energy CEOs, increasingly worried over the lack of sitting members at the Federal Energy Regulation Commission, warn that if the FERC is not functional by August, they could withdraw private investment dollars for as many as 15 energy infrastructure projects valued at $15B-$25B.
The FERC normally has a five-member panel but has only one currently, with two others awaiting a full Senate vote on their nomination; without at least three commissioners, the FERC has been unable to conduct business since February.
Time is running out to approve projects before Congress leaves town for its August break; FERC’s regular monthly meeting is scheduled for July 20, but the meeting will be canceled if there is no quorum, and the next meeting is not scheduled until September.
**For this reason, Delaware Riverkeeper has scheduled at “Senate Parade” for July 20, delivering letters to key Senators asking that they not approve FERC appointees, restoring a quorum, until there are serious reforms.
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