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 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.
News briefs on the federal agencies that impact those doing business in the RTO footprints. This week we include FERC, the Energy Department and the NRC.
FERC has approved changes to NYISO credit requirements to protect the ISO from defaults by market participants that under-forecast their loads.
FERC will accept comments until Feb. 19 on price formation in RTO and ISO energy and ancillary services markets.
MISO has asked FERC for a rehearing of its order requiring the RTO to modify the way it calculates the hurdle rate for determining whether to allow power flows between its north and south regions.
FERC granted PJM’s request to increase the cost-based energy offer cap to $1,800/MWh through March.
FERC yesterday asked the Supreme Court to overturn an appellate court ruling voiding its authority to demand response in RTOs, a day after PJM filed a contingency plan for including DR in its upcoming capacity auction.
The RTO stakeholder process came under fire last week at a FERC technical conference on the treatment of financial transactions in PJM.
FERC accepted a request by MISO transmission owners to implement a 50-basis-point adder as an incentive for RTO membership.
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