Brookfield Renewable Trading and Marketing
FERC initiated a show-cause proceeding based on concerns about the lack of provisions in the RTO’s tariff enabling corrections to incorrect payments to or from market participants.
The D.C. Circuit directed FERC to review a series of 2022 orders requiring wholesale electricity sellers in the West to refund a portion of the high prices they earned during an August 2020 heat wave.
FERC sided with Brookfield Renewable in the company’s complaint against the RTO. The IEP is intended to compensate resources for storing extra fuel.
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