FERC & Federal
The Federal Energy Regulatory Commission is an independent regulatory agency that oversees the transmission of electricity, natural gas and oil in interstate commerce, as well as regulating hydroelectric dams and natural gas facilities.
FERC rejected a request by consumer advocates that it force PJM to update its 2015 peak load forecast using recent modeling enhancements to prevent over-procurement of resources in this year’s capacity auctions.
FERC approved PJM’s proposal to move the deadline for submitting day-ahead offers, while also saying NYISO and ISO-NE had justified retaining their existing schedules.
FERC issued orders that seek to increase the supply of regulation service and reactive power, and issued a final rule to allow generators to sell primary frequency response service at market-based rates.
The judge had rejected efforts by Entergy and the Louisiana PSC to pass on to ratepayers $200 million in canceled costs from the Little Gypsy repowering project.
This week's FERC and federal briefs include news on CAISO, the Energy Department, the Nuclear Regulatory Commission and the Senate.
FERC had said neither ISO-NE’s nor the New England Power Pool’s proposals in themselves addressed performance adequacy, but the commission adopted elements of both.
PJM told FERC that it has already recovered $9 million of the approximately $37 million the RTO paid out to virtual traders through its marginal loss surplus allocation.
FERC approved SPP’s request to correct and resettle $13.1 million of transmission-service invoices dating back to 2009.
FERC reaffirmed its denial of a complaint that NYISO improperly implemented its buyer-side market power mitigation exemption test.
FERC ordered RTOs and ISOs to file reports detailing their current practices and planned changes on five price formation issues.
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