Today’s LiveWire Spotlight examines the settlement closing out FERC’s findings from the May, 2012 examination of NERC’s budgetary development and oversight processes. The action resolves the remaining thirteen open recommendations for which an agreement could not be reached in previous sessions.

Under the terms of the settlement, NERC does not confirm or deny the original findings of fact. They are required to submit an implementation plan and report on its progress until completion – after which a follow up audit will take place.