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Southwest Generation purchase of Xcel gas plant to raise JPMorgan affiliation question again at FERC
Utility Dive: Under Section 203 of the Federal Power Act, FERC needs to approve major public utility sales, ultimately determining whether those transactions are consistent with the public interest.
In the case of the El Paso Electric purchase, a number of issues were raised regarding potential conflicts of interest with the utility's ratepayers, prompting the intervention of Slocum and a letter from three Democratic Senators urging FERC to correct the record on IIF's legal affiliate status.
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