Federal Energy Regulatory Commission (FERC)
The Federal Energy Regulatory Commission is an independent agency that regulates the interstate transmission of electricity, natural gas and oil; reviews proposals to build LNG terminals and interstate natural gas pipelines; and licenses hydropower projects. FERC also oversees operations of regional wholesale electricity and natural gas markets and oversees the reliability of the bulk electric system.
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FERC proposed changing transmission planning and cost allocation processes to help build out the grid in response to electrification and renewables.
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ISO-NE's Order 2222 compliance filing has been criticized by environmental groups and renewable advocates who say it fails to meet the goals laid out by FERC.
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FERC ordered PacifiCorp to refund premiums it received for sales above WECC's soft price cap of $1,000/MWh during the severe Western heat wave of August 2020.
PacifiCorp
FERC challenged the transmission formula rate protocols of five Western utilities, saying they lack sufficient transparency and customer protections.
Mwanner, CC BY-SA 3.0, via Wikimedia Commons
FERC on Thursday ordered the operator of a dam in upstate New York to pay a $600,000 civil penalty for failing to make needed repairs over six years.
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Stakeholders told MISO it should use a consistent capacity accreditation process for both its conventional and non-thermal generators.
JU
New York TOs again rejected challenges to their new public policy category of local transmission development for purposes of cost sharing and recovery.
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FERC renewed BlackRock's blanket authorization of utility stock purchases, but two commissioners expressed concern about it exerting undue influence.
PJM
PJM MIC members last week unanimously endorsed a revised proposal from the RTO and its Independent Market Monitor to address start-up cost offer development.
Sen. Ed Markey via Twitter
Sen. Ed Markey has set his sights on ISO-NE, accusing the grid operator of being part of an "oil and gas conspiracy."
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