FERC Stands by Denial of Polar Vortex Make-Whole Payments

FERC last week reiterated its 2015 order rejecting New Jersey Energy Associates’ request for recovery of costs incurred during the polar vortex of January 2014. NJEA, which owns the 290-MW South River combined cycle plant, said it was forced to sell natural gas at a loss of $1.3 million after...