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 charged Coaltrain Energy, a Pennsylvania-based power trading company with manipulating the PJM wholesale market.
Seeking to improve its ability to unravel complicated market manipulation schemes, FERC proposed a new way for identifying connections between companies and individuals.
FERC upheld its decision requiring Northern States Power to continue purchasing electricity from a small hydroelectric plant, maintaining that the plant does not have access to MISO's capacity market.
This week's FERC and federal briefs include news on the Nuclear Regulatory Commission, Yucca Mountain, the White House and the Federal Reserve.
FERC approved MISO's rate schedules for the system support resource agreements at three aging power plants on Michigan’s Upper Peninsula.
SPP's Clean Power Plan Task Force was given an advance look at a webinar that will open the dialogue with state and utility officials charged with implementing the EPA's emissions rule.
FERC said it will require NERC to provide the commission access to its databases in what Chairman Norman Bay said is an effort to apply “Moneyball” techniques to reliability.
PJM, MISO and ISO-NE would be forced to switch to 5-minute settlements under a draft rule announced Thursday.
The developers of the abandoned PATH transmission project would be denied recovery of more than $10 million of their $121.5 million claim under an initial decision by a FERC administrative law judge Monday.
FERC Chairman Norman Bay named a long-time associate from New Mexico as FERC general counsel, replacing David Morenoff.
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