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FERC Approves Modified VRFs submitted by NERC

On November 16, 2007, FERC issued an order approving Violation Risk Factors (VRFs) associated with the Requirements for certain Reliability Standards, which NERC had proposed in a previous compliance filing submitted on August 16, 2007.  To view the Commission’s order, which contains an appendix setting forth the definition of each level of VRF approved, click here.