Energy companies no longer have to tell the truth to federal regulators

Federal energy regulators are dropping a proposed rule that would have required companies to submit accurate and factual information. This means companies can continue to submit misleading or incomplete information without penalty.

For years, energy companies have been able to withhold or misrepresent information to regulators without direct legal consequence. This proposed rule would have changed that, forcing them to be truthful. Now, the status quo remains, and regulators will continue to operate with incomplete information.