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Independent regulatory commissions

Federal Energy Regulatory Commission Requests Additional Information from Brookfield Companies

Strategic Insights

— 1 min read

The Federal Energy Regulatory Commission (FERC) has requested additional information from Brookfield Companies, a group of energy-related entities, in relation to their market power analysis. The Commission requires detailed information on the direct and upstream owners of Brookfield Companies, as well as their business activities and affiliate relationships. Brookfield Companies have filed an updated market power analysis, but FERC needs more information to process the filing. The companies are expected to provide full company names for all business entities mentioned, identify intermediate owners, and update the asset appendix.

Key Takeaways:

  • FERC requires additional information from Brookfield Companies regarding their market power analysis.
  • The Commission needs detailed information on direct and upstream owners of Brookfield Companies.
  • Brookfield Companies must provide full company names for all business entities mentioned in the filing.
  • The companies must identify intermediate owners and update the asset appendix.
  • Brookfield Companies have 30 days to respond to the request and make an amendment filing.
  • Failure to respond within the specified time period may result in an order rejecting the filing.
  • The Brookfield Companies' assets and ownership structure are complex, involving multiple affiliates and private equity funds.
  • The Commission's request is related to FERC's policies on market-based rates and analytics.

Statistics:

  • 30 days: The time period allowed for Brookfield Companies to respond to the FERC request.
  • 26%: The percentage of Brookfield Renewable's exchangeable shares indirectly owned by Brookfield Corporation.
  • 81.5%: The percentage of voting securities of Brookfield Renewable indirectly controlled by Brookfield Corporation.
  • 18 C.F.R. SS 35.36(a)(10): The regulation governing intermediate owners' identification.
  • 18 C.F.R. SS 35.37(a)(2) (2024): The regulation governing upstream ownership analysis.

Sources:

[1] Federal Energy Regulatory Commission, "Docket No. ER10-2895-024, et al. - Issued: August 6, 2025", Document Accession #: 20250806-3022.

[2] "18 C.F.R. § 35.36(a)(10)".

[3] "18 C.F.R. § 35.37(a)(2) (2024)".

[4] Boulder Solar II, LLC, 190 FERC P 61,177 at P 18.

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