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.
MISO announced on Friday it had changed 4 elements of its proposed forward capacity auction, prompting renewed calls to delay filing at FERC.
FERC rejected the CAISO effort to refund $217 million that the ISO said were overcharged for payments to generators operating under must-offer obligations.
Electric cooperatives accused FERC of overstepping its authority by opening proceedings that could force refund obligations on nonpublic utilities, while MISO and SPP asked the commission to let them work out the issue in stakeholder proceedings.
Panelists at last week's Organization of PJM States Inc. meeting discussed the challenges of controlling transmission project costs.
FERC rejected the PPL (NYSE:PPL) request for a finding that it is no longer covered by the commission’s Standards of Conduct rules.
New resources that clear the ISO-NE Forward Capacity Auction will be able to begin supplying capacity earlier under a package of Tariff revisions.
FERC approved the CAISO natural gas price index used in response to the closure of the Aliso Canyon storage facility.
FERC approved a settlement allowing TransCanyon to collect a 9.8% base ROE for any projects it builds under the CAISO FERC Order 1000 competitive solicitation process.
RTOs told FERC they are confident they will maintain reliability this winter, citing improvements in gas-electric coordination and monitoring tools.
The PJM Independent Market Monitor asked FERC on Friday to reconsider its “flawed” ruling on PJM’s financial transmission rights market.
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