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.
Arizona Public Service (APS) can continue to charge market-based rates in Tucson Electric Power’s balancing authority area, FERC ruled.
The FERC decision dealt with companies implicated in manipulating prices during the initial "Summer Period" of the Western Energy Crisis.
Despite the impending resignation of Norman Bay, Cheryl Lafleur assured that FERC can issue routine decisions under authority delegated to office directors.
FERC approved NYISO's proposed locality exchange factor for its capacity market. NYISO's plan protects consumers from rising capacity prices.
FERC approved the Atlantic Bridge pipeline project, which will expand natural gas delivery capacity in New York and New England.
FERC denied requests for rehearing on a formula rate for the construction of a transmission line as part of the Artificial Island Project.
FERC accepted transmission calculations submitted by Southwestern transmission-owning utilities in support of their requests for market-based rates.
President Trump on Thursday appointed Commissioner Cheryl LaFleur as acting FERC chair, replacing Norman Bay. The appointment may well be temporary.
FERC approved the revised NYISO demand curves but said the ISO must eliminate the assumptions about new peaking plants in the NYCA.
FERC ruled that Shell and Hafslund can not use the costs associated with illegal trading activity during the Western Energy Crisis to offset their refund.
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