Critics of the Southeast Energy Exchange Market say after a year of operations, it has failed to meet many of the promises of its sponsors.

The D.C. Circuit Court of Appeals remanded FERC’s approval of the Southeast Energy Exchange Market back to the commission for additional proceedings.

Oral arguments Wednesday on the appeal of FERC’s approval by operation of law of the Southeast Energy Exchange Market focused on the issue of deadlines.

The Southeast Energy Exchange Market is set to begin operations on Nov. 9 despite an ongoing legal challenge from environmental groups.

A representative of the new Southeast Energy Exchange Market assured SERC on Thursday that its reliability role will not change under the new market.

FERC turned down another set of challenges to the Southeast Energy Exchange Market filed by environmental, clean energy and consumer groups.

Opponents of the Southeast Energy Exchange Market asked the D.C. Circuit Court of Appeals to overturn FERC's approval of the expanded bilateral market.

FERC turned down a rehearing request submitted by opponents of the Southeast Energy Exchange Market, saying they should have filed it earlier.

Opponents of the recently instituted Southeast Energy Exchange Market are seeking to overturn its approval, granted last month by a deadlocked FERC.

FERC Commissioner Mark Christie blasted Chair Richard Glick and Commissioner Allison Clements for opposing the Southeast Energy Exchange Market (SEEM).