FERC Gets Top U.S. Court Hearing on Energy-Conservation Rule
The Obama administration will get a U.S. Supreme Court hearing as it tries to save a rule that rewards industrial consumers for cutting electricity use.
The rule, opposed by the power industry, benefits smart-grid companies such as EnerNOC Inc. that help large electricity consumers reduce their power usage during peak-demand hours. It’s also backed by large power consumers, including Alcoa Inc. and Wal-Mart Stores Inc., that are eyeing millions of dollars in energy savings.
