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Indeed, even if it does, FERC may crack down hard.Like the credit-rating agencies, which some observers think are now overzealously downgrading power marketers to atone for their lax treatment in the past, regulators may also overreact to restore their image.
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Since his election in March, Mr. Putin has sought to strengthen the Kremlin's authority by downgrading the power of regional governors and the influence of business leaders over government policy.
Prince Ali has said he wants to upgrade the role of member associations, particularly in the developing world, and downgrade the power of the job he is vying for, the Fifa presidency, to make it less imperial.
After the big reorganization at the end of 2016, the Oculus exec structure has seen the co-founders downgraded while power has swelled to executives in Zuckerberg's inner circle.
Meanwhile Citi's Lau downgraded Huadian Power International from a "buy" to a "sell" rating as analysts predicted falling profits resulting both from low prices paid for the output of its big power plants as well as slightly higher coal costs and tax rates.
In attempting to downgrade governmental powers, conservative regimes in particular began to consciously disregard the laws of our land -- from enforcement of existing regulations, to Iran-contra gun-running in President Reagan's case, to abrogating international treaties such as START and political muzzling Department of Justice attorneys general under G.W. Bush, to name just a few cases.
The day's biggest faller was Aggreko, down 69p at £15.80 after Credit Suisse downgraded the temporary power supply business from neutral to underperform and cut its target price from £20 to £14.
The officers have the power to downgrade a positive drug test result if they find that it was caused by properly used medications.
The European court of human rights' could have its powers downgraded by handing ministers across the continent the right to strike down rulings under plans being examined by the British government.
Its leadership clutches every fragment of power to itself, downgrading the normal institutions of democracy such as the cabinet and parliament.
The financial crisis afflicting the electricity and natural gas industry deepened yesterday as investors were unnerved by a credit downgrade on Dynegy, a leading power trader.
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