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 gave preliminary approval to the second stage of its reliability standard to protect the grid from geomagnetic disturbances (GMD).
States and federal regulators need to keep consumers in mind when picking jurisdictional fights over control of the electric industry, FERC Commissioner Tony Clark said.
FERC said single-step discounted cash flow (DCF) analyses that it formerly used are adequate to support rate complaints made before it changed the rules.
FERC has required NERC to determine the severity of a “benchmark” GMD event — the threshold against which covered entities would evaluate their system’s vulnerability and develop protective strategies.
FERC completed its initial review of all interregional transmission planning compliance filings required under Order 1000 on Thursday.
Despite changing its meeting date to avoid threats of mass demonstrations next week, the FERC couldn’t avoid another protest drama Thursday.
More change is coming to the Federal Energy Regulatory Commission, as Commissioner Philip Moeller announced Tuesday he won’t be returning for a third term.
Since the EPA proposed its Clean Power Plan, the idea that the final rule should include a reliability safety valve has become an article of faith among utility, state and RTO officials.
FERC said it supports a settlement under which Ameren would refund $7.1 million to resolve a dispute over its purchase of two Illinois utilities.
If FERC keeps its word, virtual traders in PJM should have clarity by the end of October on whether up-to-congestion transactions will be subject to additional charges.
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