EnerNOC (ENOC) Shares Gain as FERC's Demand Response Rule Upheld by Supreme Court
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EnerNOC (NASDAQ: ENOC) shares surged Monday after the U.S. supreme court voted 6-2 that the Federal Energy Regulatory Commission acted within its authority with its Demand Response Rule.
Alcoa (NYSE: AA) and EnerNOC backed the rule, which helps large consumers reduce their power use.
The decision invalidates a rule that would have benefited American Electric Power (NYSE: AEP), Calpine Corporation (NYSE: CPN), Dynegy (NYSE: DYN), FirstEnergy (NYSE: FE), NRG Energy (NYSE: NRG), Public Service Enterprise (NYSE: PEG), Calpine Corp. (NYSE: CPN), and Talen Energy (NYSE: TLN), according to a report from Bloomberg.
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