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 had said neither ISO-NE’s nor the New England Power Pool’s proposals in themselves addressed performance adequacy, but the commission adopted elements of both.
PJM told FERC that it has already recovered $9 million of the approximately $37 million the RTO paid out to virtual traders through its marginal loss surplus allocation.
FERC approved SPP’s request to correct and resettle $13.1 million of transmission-service invoices dating back to 2009.
FERC reaffirmed its denial of a complaint that NYISO improperly implemented its buyer-side market power mitigation exemption test.
FERC ordered RTOs and ISOs to file reports detailing their current practices and planned changes on five price formation issues.
A summary of FERC orders approved at its open meeting last week related to NYISO.
Tennessee Gas filed an application with FERC for a certificate of public convenience and necessity for the Northeast Energy Direct pipeline.
FERC upheld an administrative law judge decision that FirstEnergy is responsible for reporting data related to Old Dominion Electric Cooperative load in Virg...
A summary of FERC orders approved at its open meeting last week related to MISO.
FERC last week reaffirmed its rejection of MISO’s proposal to institute a mandatory capacity market, denying rehearing of its 2012 order on the issue.
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