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.
© RTO Insider
FERC approved settlement agreements among CAISO, Pacific Gas and Electric and Calpine covering reliability-must-run contracts for three Northern California gas-fired plants, reducing the revenue they will receive and making them subject to a must-offer requirement.
© RTO Insider
Although FERC has required almost all new generating units to provide primary frequency response (PFR), PJM stakeholders are strongly opposing any move by the RTO to require existing units to follow suit.
AES
MISO’s Energy Storage Task Force will now add to its to-do list storage-related aspects of the recently issued FERC Order 845.
PJM
Stakeholders plowed through several hours of material at a special PJM Planning Committee session on whether the RTO should include cost containment provisions in its analysis of competitive bids for new transmission.
The energy trading arm of Public Service Enterprise Group (PSEG) agreed to pay $39.4 million to settle a FERC investigation into violations of PJM energy market bidding rules over 9 years.
James Baker, an eminent Republican official who served in the Reagan and first Bush administrations, explained his proposed carbon tax at the GCPA spring conference.
FERC told Congress it is ready to act on distributed energy resources (DER), assuring House members they will not encroach on state jurisdiction.
FERC ordered RTOs and ISOs to submit monthly reports detailing their uplift payments and operator-initiated commitments.
The West’s utility regulators took a crash course on the legal implications of their utilities joining organized electric markets (RTOs)at the spring 2018 joint CREPC-WIRAB meeting.
© RTO Insider
As they have in the past four years, the trends in natural gas dominated the discussion of FERC’s annual State of the Markets report.
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