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 resolved a dispute over overlapping congestion charges on the MISO-SPP seam when it accepted a settlement SWEPCO and the city of Prescott, Ark.
FERC ruled two merchant transmission operators in New Jersey are liable for cost allocations under PJM’s RTEP despite converting from firm to non-firm.
James Danly was sworn in as a FERC commissioner, officially beginning a term to end in 2023 and giving Republicans a 3-1 advantage on the commission.
FERC gave its blessing to the merger of Columbia Grid and Northern Tier Transmission Group to form NorthernGrid, a transmission planning region stretching eight states.
FERC reiterated that non-transmission owning members of SPP are still subject to a $50,000 deposit for if they withdraw from the RTO.
FERC conditionally approved J.P. Morgan’s $4.3 billion purchase of El Paso Electric, directing the companies to file a mitigation plan.
FERC approved MISO’s proposal to bar participants from its market when it identifies evidence of default, manipulation or unreasonable risk.
MISO’s Board of Directors cleared the Advisory Committee to create an 11th stakeholder sector while instructing the committee to overhaul its sector design.
FERC approved settlements of two complaints over PJM’s regulation market design despite opposition from Dominion Energy and the Independent Market Monitor.
FERC denied rehearings on orders rejecting PJM’s efforts to stop capacity market participants from attempting to arbitrage between the BRA and Incremental Auctions.
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