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 issued an order to show cause against Maxim Power, telling the Canadian independent power producer to explain why it shouldn’t have to pay a $5 million fine for allegedly misrepresenting the output of three of its generators in ISO-NE.
FERC will have a vital role in implementing the EPA’s Clean Power Plan but won’t take sides in ideological debates, Chairman Cheryl LaFleur said.
Powhatan Energy Fund’s trading scheme cost more than 20 PJM market participants at least $100,000 each, with Exelon, AEP and Dominion each losing more than $1 million, according to an RTO analysis released by FERC.
Attorneys for Powhatan Energy Fund and Kevin Gates accused FERC's Office of Enforcement of withholding information that could exonerate their clients in a high-profile market manipulation case.
FERC Chairman Cheryl LaFleur called an unscheduled recess to the commission’s monthly open meeting Thursday due to a series of interruptions by protesters.
FERC approved a revised reliability standard proposed by NERC that requires testing and maintenance of auto-reclosing relays.
FERC last week approved new rules governing how transmission customers can challenge formula rate filings by MISO transmission owners.
FERC found that PJM partially complied with its second Order 1000 compliance order and conditionally approved MISO's third-round compliance filings.
News briefs on the federal agencies that impact those doing business in the RTO footprints. This week we include the NRC and the Department of the Interior.
A study on gas-electric coordination suggests natural gas pipeline operators create an ISO to coordinate communications with electric grid operators.
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