Cobb EMC announced the Federal Energy Regulatory Commission (FERC) ruled the cooperative did not violate the Federal Power Act (FPA) or anti-market manipulation regulations. In the ruling, the commission concluded “it does not find good cause to institute an investigation” of Cobb EMC and its affiliated entities, and “the complaint is denied.”
Earlier this year, Cobb EMC members, Daniel W. Davis and Mark A. Hackett, filed a complaint with the commission alleging failures to comply with the FPA and commission regulations concerning market-based rates, affiliate abuse, market manipulation and interlocking directorates by Cobb EMC, Cobb Energy, Cooperative Energy Incorporated (CEI); Power4Georgians, LLC, former President and CEO Dwight T. Brown and current President and CEO W.T. “Chip” Nelson, III. The commission determined that Davis and Hackett failed to establish the connection between the issues raised and the commission’s jurisdiction.
“We are very pleased with FERC’s ruling and extensive review of the facts,” said Sam Kelly, senior vice president of public relations of Cobb EMC. “If you remember, the announcement of Hackett’s and Davis’ complaint made back in April was a staged publicity event that was supported by radical environmental groups.”
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Kelly added, “Davis and Hackett presented their legal counsel as one of the nation’s top attorneys on FERC-related litigation, yet they were unable to present facts upon which FERC could justify the conduct of an investigation. Accordingly, FERC exercised its discretion to dismiss the compliant.”
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ABOUT COBB EMC
Cobb Electric Membership Corporation is a not-for-profit electric membership cooperative providing reliable and affordable electricity. Formed in 1938, Cobb EMC started as an electric utility with 489 residential members and 14 commercial accounts. Today, it serves approximately 196,000 residential and commercial customers and is one of the largest EMCs in the United States.
The Cobb EMC distribution system consists of approximately 10,000 miles of line in Cobb, Bartow, Cherokee, Fulton, and Paulding counties in the metro Atlanta area and Randolph, Calhoun, Quitman and Clay counties in Southwest Georgia. This distribution system covers about 1,434 square miles.
For more information, visit www.cobbemc.com.
