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Biden names Phillips acting head of energy regulator

WASHINGTON (Reuters) - President Joe Biden has named Willie Phillips, a Democrat, acting chairman of the Federal Energy Regulatory Commission, FERC said on Tuesday. Phillips...
Biden names Phillips acting head of energy regulator © Reuters. U.S. President Joe Biden speaks with people as he boards Air Force One at Rohlsen Airport to depart after a New Year holiday visit to Christiansted, St. Croix, U.S. Virgin Islands, U.S. January 2, 2023. REUTERS/Jonathan Ernst
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WASHINGTON (Reuters) - President Joe Biden has named Willie Phillips, a Democrat, acting chairman of the Federal Energy Regulatory Commission, FERC said on Tuesday.

Phillips joined the commission in December, 2021 after being appointed by Biden and approved by Congress. Phillips will be the first Black person to take the reigns at FERC.

Before coming to FERC Phillips served as the chairman of the Public Service Commission of the District of Columbia, starting in 2018, where he championed issues of environmental justice and equity. He was also a regulatory attorney with nearly 20 years in public and private practice.

The independent panel of the Department of Energy long had a low-key profile and was mainly known for approving natural gas pipelines and export terminals for liquefied natural gas, or LNG. After Phillips joined FERC, that began to change as Democrats had a 3-2 majority and the Biden administration pursued policies to transition to low-carbon energy.

But now Phillips is acting chairman, FERC will be locked at a 2-2 because the former head, Richard Glick, left FERC after Senator Joe Manchin, a conservative Democrat, did not hold a confirmation hearing to consider Biden's re-nomination of Glick. Analysts said FERC may not take up many issues beyond power transmission rulemakings during the deadlock.

Phillips will serve as temporary chief of the commission as the Biden administration considers nominating a permanent chair.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

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EUR/USD

1.0658

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GBP/USD

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USD/JPY

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AUD/USD

0.6469

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USD/CAD

1.3780

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EUR/JPY

168.32

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EUR/CHF

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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