Federal Energy Regulatory Commission (FERC) Commissioner Willie Phillips has announced his immediate resignation following a request from the White House. Phillips, who was appointed as chair of the agency under President Joe Biden, stated that the decision to step aside aligns with his own plans.
The development comes amidst ongoing discussions about the direction of U.S. energy policy, potentially impacting major players in the energy sector. Key companies affected by regulatory changes include BP (BP, Financial), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL), and TotalEnergies (TTE). These corporations, actively engaged in the energy market, may experience shifts in their operational landscape depending on future regulatory adjustments.
