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.
Waymarking
FERC has upheld its order that MISO and SPP fix their overlapping congestion charges on pseudo-ties despite a rehearing request from MISO.
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More than 600 people attended the NARUC Summer Policy Summit in person and hundreds more watched via livestream.
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Major transmission construction will help the grid tolerate increasingly severe weather, panelists said at a recent ACORE webinar.
Colonial Pipeline
The Transportation Security Administration announced a fresh slate of cybersecurity requirements aimed at the U.S. pipeline network.
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FERC Chair Richard Glick is seeking ‘peace, love and understanding’ with state regulators as work on easing transmission issues begins.
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FERC Commissioner Neil Chatterjee bid farewell and thanked his colleagues and staff during what he said was “very likely” his last monthly open meeting.
PJM
PJM stakeholders endorsed tariff language revisions to exclude the right of first refusal process from evaluation of non-firm transmission service requests.
Fluor
FERC denied LS Power's complaint against PJM regarding Dominion Energy's decision to opt out of the capacity auction.
DangApricot, CC BY-SA 3.0, via Wikimedia Commons
FERC authorized two Icahn Capital employees to have voting rights on the FirstEnergy Board of Directors.
Fletcher6, CC BY-SA-3.0, via Wikimedia
FERC set a base return on equity of 9.33% on the Mystic Generating Station’s reliability-must-run contract, using methodology it introduced last year.
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