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 has again upheld ISO-NE’s limited exemption for renewables from the RTO’s minimum offer price rule.
The FERC proposal to apply a new offer cap construct uniformly across the markets is a good and fair solution, ConEdison argues.
Dominion Resources argued that its proposal has regional benefits and is unlike 98% of Form 715 projects.
FERC approved Wabash Valley Power Association’s acquisition of a 5% interest in two 800-MW coal-fired units for $57 million.
FERC rejected METC’s rehearing request regarding a western Michigan wind farm’s interconnection agreement with MISO.
ISO-NE CEO Gordon van Welie last week again defended the RTO’s capacity auctions to congressmen who say market practices have led to inflated electricity rates for New England ratepayers.
FERC told MISO that they must charge equal interconnection fees to all generators entering its queue regardless of whether they are internal, external, new or existing resources.
More than 100 transmission developers, consultants, RTO officials and utility executives attended Infocast’s 19th Annual Transmission Summit.
The CFTC proposed that electric capacity purchases and natural gas peaking supply contracts be exempt from regulation as swaps.
FERC granted Missouri River Energy Services an extension to comment on a series of “zonal agreements” submitted by ALLETE and Great River Energy.
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