Michael Brooks

Average PJM LMPs doubled to a record-high $80/MWh last year, driven mostly by coal and natural gas prices, the RTO’s Independent Market Monitor reported.

FERC ordered two new NERC reliability standards in response to the February 2021 winter storm that nearly led to the collapse of the Texas Interconnection.

2022 was a busy year for FERC, with rulemaking proposals and technical conferences covering almost everything over which the commission has jurisdiction.

FERC Chair Richard Glick said he will leave the commission when Congress adjourns, ending five years as a federal energy regulator.

FERC approved 11 settlements that resulted in market participants paying a total of about $57.52 million in penalties and disgorgements for alleged violations.

Offshore wind developers say the states that are driving project development need to lead on the transmission side by collaborating to build an offshore grid.

Stakeholders and regulators concerned about extreme weather and clogged interconnection queues are also encouraged by FERC’s proposed rulemakings on the issues.

FERC staff said the grid seems well positioned to weather the cold months. However, rising demand is expected to drive gas prices higher than last year’s.

The EBA's Mid-Year Energy Forum featured talks on hot topics in energy law, including West Virginia v. EPA, the IRA, supply chain issues & hydrogen regulation.

Transmission owners found themselves on the defensive throughout FERC's technical conference on transmission planning and cost management.