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 granted PJM permission to use a lower peak load forecast for its second Incremental Auction in July, reflecting the impact of the COVID-19 pandemic.
FERC set hearing and settlement judge procedures on Tri-State Generation & Transmission’s proposal for computing member exit fees.
GreenHat Energy has filed a motion to bar FERC’s Office of Enforcement from working on a breach-of-contract case involving Shell Energy.
FERC said it will no longer permit gas pipeline developers to begin construction until it acts on the merits of any rehearing requests.
Stakeholders endorsed a PJM proposal to resolve issues in five-minute dispatch and pricing but urged the RTO to continue seeking solutions.
FERC approved Basin Electric Power Cooperative’s request to make wholesale sales of energy, capacity and ancillary services at market-based rates.
Participants in PJM’s markets must provide more financial records, corporate information and details of prior defaults under rules effective June 1.
FERC on Monday granted NYISO eight extra months to fix a “misalignment” between its market software and its Tariff rules.
FERC has authorized the owners of the 1,000-MW Champlain Hudson Power Express project to charge negotiated transmission rates to carry Canadian hydropower to New York City.
FERC reversed its earlier stance that would have required nonpublic utility transmission owners in MISO and SPP to explicitly commit to providing refunds.
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