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Energy industries

Automatically Authorized Interlocking Positions: A Regulatory Filing

Strategic Insights

— 1 min read

In a recent submission to the Federal Energy Regulatory Commission (FERC), Rainbow Energy Center, LLC, Nexus Line, LLC, and Rainbow Energy Marketing Corporation have filed an informational report regarding automatically authorized interlocking positions. This report, submitted pursuant to Section 45.9 of the Commission's regulations, highlights the company's corporate relationships and qualifications for automatic authorization. The filing comes after an administrative oversight led to the delayed submission of the required report.

Key Takeaways:

  • The submission is an informational report filed by Ryan Kopseng on behalf of Rainbow Energy Center, LLC, Nexus Line, LLC, and Rainbow Energy Marketing Corporation, detailing automatically authorized interlocking positions.
  • The report identifies Ryan Kopseng as the person submitting the report and outlines his positions with various entities, including Director/Executive Officer at Rainbow Energy Center, LLC and Director at Nexus Line, LLC.
  • The entities listed in the report are directly or indirectly owned by individuals and trust entities that own the required percentage of securities, qualifying them for automatic authorization.
  • The late filing was due to an administrative oversight, which has been promptly identified and rectified, with processes implemented to prevent future oversights.
  • The companies request that the Commission accept the informational report without further action, citing "good faith oversight" and prompt rectification of the issue.

Statistics:

  • The report identifies 14 public utilities with interlocking positions, including Rainbow Energy Center, LLC and Nexus Line, LLC.
  • Ryan Kopseng holds positions with 22 entities, including Director, Executive Officer, and Secretary.
  • The submitted report is filed out of time, with the undersigned requesting acceptance without further action.

Sources:

  • 18 C.F.R. Part 45 (2025)
  • 18 C.F.R. SS 45.9 (2025)
  • 16 U.S.C. SS 825d(b) (2018)
  • Federal Energy Regulatory Commission (FERC) Docket No. ID

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