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.
EPA Secretary Gina McCarthy continued her charm offensive in advance of the agency’s ghg rules for existing power generators, acknowledging that the tough work is only just beginning.
PJM is ready to help its 13 states meet EPA's pending greenhouse rules, the RTO's chief economist told a Bipartisan Policy Center forum last week.
FERC rejected Consolidated Edison's attempt to avoid paying for a major transmission upgrade in northern New Jersey but suggested it might order PJM to recalculate the company’s bill.
EPA Secretary Gina McCarthy yesterday continued her charm offensive in advance of the agency’s ghg rules for existing power generators, acknowledging that the tough work is only just beginning.
A look at how MISO and the Northeast RTOs are planning to cope with winter 2014-15.
PJM wasn’t the only place the winter 2013-14 made its mark in the record books. MISO, the Southwest Power Pool and NYISO all hit all-time winter peaks during January’s polar vortex, while ISO New England came up just short.
The winter’s high prices for gas and power have busted budgets and left state regulators and consumer advocates scrambling for answers. FERC says it has seen no evidence of market manipulation.
PJM is considering boosting its capacity payments to nuclear plants and others with firm winter fuel supplies, the RTO told a FERC technical conference Tuesday.
Stakeholders representing load may oppose efforts to change PJM’s $1,000 per MWh offer cap, despite a frigid winter in which high gas prices forced the RTO to obtain temporary waivers from the limit.
FTR traders asked PJM and the Market Monitor to take action to address funding shortfalls, receiving sympathy but no commitments.
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