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The Federal Energy Regulatory Commission granted PJM’s request to lift the $1,000 offer cap as the RTO entered a second consecutive week of frigid temperatures that have strained generators and pushed natural gas prices to new records. FERC’s order came as PJM issued alerts yesterday warning that resources would be...

The Federal Energy Regulatory Commission clarified last week that its April 2013 order approving American Electric Power’s Ohio restructuring plan does not preempt a court challenge by industrial customers. The April order approved AEP affiliate Ohio Power’s request to transfer its generating units and related assets to AEP Generation at...

The Federal Reserve is considering restricting big banks’ ability to trade and warehouse physical commodities. But Democrats on the Senate Banking Committee suggested the Fed isn't moving fast enough to protect the public from the risks of physical disasters and commodity market manipulation. Chair Sherrod Brown (D-Ohio) said the central...

The Federal Energy Regulatory Commission gave preliminary approval last week to rules to protect the grid from geomagnetic disturbances and a final OK to a reliability standard for frequency response. Geomagnetic Disturbances - EOP-010-1 The commission’s Notice of Proposed Rulemaking (RM14-1-000) endorsed Reliability Standard EOP-010-1, the North American Electric Reliability...

The Federal Energy Regulatory Commission and Commodity Futures Trading Commission, after long and difficult negotiations, signed two memorandums of understanding concerning information-sharing procedures and jurisdiction over regulation of energy trading. But, disappointing some attorneys, the MOUs do not address questions of enforcement jurisdiction, which means answers will have to come...

Senator Max Baucus Senate Finance Committee Chairman Max Baucus released a discussion draft of legislation that would consolidate 42 energy tax incentives into two technology-neutral incentives for lower-emission electricity and transportation fuel. But news that President Obama would appoint Baucus ambassador to China made the outlook for the proposal even...

By Kathy Larsen and Rich Heidorn Jr. WASHINGTON – Former chairs gave a primer on the last 36 years of federal energy policy Thursday as the Federal Energy Regulatory Commission celebrated its 1000th open meeting. Former chairs Betsy Moler (term 1988-97, chair 1993-97), James Hoecker (1993-2001, 1997-2001), Curt Hebert (1997-2001,...

(Source: Northern Indiana Public Service Company) WASHINGTON -- PJM and MISO will need to add a few more chairs for their next Joint and Common Market meeting. Impatient over the pace of progress, the Federal Energy Regulatory Commission said last week it will begin having FERC staff monitor JCM meetings...

In its complaint against PJM and MISO (EL13-88), the Northern Indiana Public Service Co. proposed the following changes: The MISO-PJM cross-border planning process should run concurrently with the MISO Transmission Expansion Plan (MTEP) and PJM Regional Transmission Expansion Plan (RTEP) planning cycles, rather than after those regional planning cycles. NIPSCO...

The Marcellus shale formation in Pennsylvania and West Virginia will account for 18% of U.S. natural gas production this month, the Energy Information Administration reported. “Production growth in the region has driven down the forward price of natural gas at the Columbia Gas Transmission Appalachia hub below Louisiana’s Henry Hub price, the...