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 ruled that a power plant owner must pay unnecessary capacity charges because it failed to correct ISO-NE records before a deadline set by the RTO’s Tariff.
FERC rejected a request by a natural gas distributor to relax restrictions on its sharing of non-public information received from electric utilities.
FERC rejected multiple requests for rehearing of its October 2014 order finding fault with SPP's interpretation of long-term congestion rights.
MISO has won approval to revise its Tariff to provide common treatment for network customers seeking to serve network load not physically interconnected with the RTO.
ISO-NE and the New England Power Pool have asked federal regulators to choose between competing proposals in a “jump ball” proceeding that would cover the next three winters.
The NYPSC had argued that it had sole jurisdiction over the rates and terms of an RSSA it had ordered between Exelon’s troubled R.E. Ginna nuclear plant and Rochester Gas & Electric.
MISO will propose closing the day-ahead market one hour earlier during Daylight Savings Time in response to FERC's final rule on gas and electric schedules.
NEPOOL joined ISO-NE in asking FERC to reject a request by generators to force the RTO to develop a zonal sloped demand curve design for FCA 10 in February.
This week's FERC and federal briefs include news on the Obama administration, the U.S. Senate, the Energy Department and the Nuclear Regulatory Commission.
FERC ordered City Power Marketing to pay $15 million in penalties and repay almost $1.3 million in profits for making riskless up-to-congestion trades in PJM to cash in on line-loss rebates.
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