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WASHINGTON (Reuters) - Conservative U.S. Supreme Court justices on Wednesday expressed doubt about whether the Obama administration had the authority to issue a regulation aimed at encouraging efficiency in the electricity market by having electrical grid operators pay users to reduce consumption at peak times.The court heard oral arguments in an appeal filed by the U.S. Federal Energy Regulatory Commission seeking to reverse a May 2014 ruling by the U.S. Court of Appeals for the District of Columbia Circuit that threw out the rule.The case pits the government's energy regulator against power companies that are fighting a regulation that promises to cut into their profits.The regulation concerns what FERC calls "demand response," which is when, in an attempt to manage demand for electricity, regional electrical grid operators agree to pay electricity users to cut consumption at peak times. It is aimed at improving grid reliability, lowering costs and encouraging clean energy.
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Topic: U.S. justices question Obama administration electricity markets rule (Read 312 times)
