On Thursday, March 21, 2019, the Federal Energy Regulatory Commission (“FERC” or “Commission”) issued two Notices of Inquiry (“NOIs”). One NOI focuses on FERC’s approach to determining the Return on Equity (“ROE”) for FERC jurisdictional electric transmission and cost-based wholesale power rates (“ROE Inquiry”) [ b ], [1] and the second NOI focuses on the Commission’s transmission incentives policies (“Incentives Inquiry”) [ https://ferc.gov/whats-new/comm-meet/2019/032119/E-1pdf ]. [2] The NOIs are referred to collectively in this write-up as the “Transmission NOIs.” Interestingly, we wanted...

It’s been 3 weeks since I relocated from Bracewell’s London office to Dubai and I’ve been wearing down my shoe leather in the DIFC and beyond meeting old acquaintances and new contacts. Most of the time, discussions invariably focus on project pipeline, market trends and regional challenges. However, I’ve been constantly gratified by people’s willingness to talk about my own specialism: construction. As my colleagues often tell me, construction isn’t seen as the most glamorous area of law (although it should be). But a construction contract is where a project’s capex is spent, so it’s...