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.
FERC Chair Richard Glick told the Energy Storage Association one of his priorities is to further break down barriers for storage in the capacity markets.
FERC Chair Richard Glick named two of his aides as general counsel and acting chief of staff as the Democrat took over the commission.
FERC Commissioner Neil Chatterjee told an EBA webinar that the RTO stakeholder processes on Order 2222 compliance will be interesting to watch.
A group of former FERC chairs said the commission should issue new transmission planning rules to help decarbonize and provide resilience & energy security.
President Biden named Commissioner Richard Glick as FERC chairman, replacing Republican James Danly, who held the gavel for little more than two months.
FERC stopped short of ordering RTOs/ISOs to modify market rules to foster hybrid resources, instead directing them to submit reports on existing efforts.
FERC mostly accepted PJM’s tariff revisions accounting for when the default offer price floor exceeds the market seller offer cap under the expanded MOPR.
FERC spent its last open meeting during President Trump’s tenure welcoming a new member and rejecting proposed orders by outgoing Chairman James Danly.
NEPOOL’s Markets Committee recommend the Participants Committee support tariff changes that would prevent resources from locking in prices for seven years.
SPP has hired former FERC senior staffer Leonard Tao to serve as its first director of FERC policy.
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