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IID agreement with FERC

(Settlement reached with FERC)….It was announced at the Tuesday IID Board meeting. FERC is the Federal Energy Regulatory Commission.

The settlement brings to a close FERC’s investigation into the massive power outage September 8, 2011. Imperial General Manager Kevin Kelley said the anticipated terms of the agreement call for the IID, without admitting liability or wrongdoing, to acknowledge and accept certain factual premises of the investigation into the 2011 outage, and to pay a fine with an anticipated cumulative value of up to $12 million, based on several alleged violations of reliability standards pertaining to its operation of the bulk electrical system. Kelley said around $3 million would go to FERC and the North American Electrical reliability Corporation and $9 million would be applied to physical improvements to the IID system.