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.
A senior-level retirement has given Cheryl LaFleur an opportunity to put her stamp on FERC during her brief chairmanship.
FERC called for changes in ISO-NE’s capacity market rules but split over whether it should reject the results from the ISO’s February auction due to unchecked market power.
PJM’s Board of Managers will seek approval of changes in the capacity auction parameters despite load-serving entities’ requests that it delay action pending consideration of staff’s Capacity Performance proposal.
Up-to-congestion (UTC) trading plummeted by about two thirds this week following a FERC order that could result in sharply increased costs for traders.
FERC has identified 30 common performance metrics for comparing the performance of RTOs and ISOs, as well as utilities outside of organized markets.
FERC rejected an agreement between Duke Energy Carolinas and Duke Energy Progress to share capacity, saying the deal would be discriminatory.
FERC ordered a review of PJM’s rules regarding up-to-congestion transactions (UTCs), saying the RTO may be discriminating in how it treats these trades.
PJM’s Market Monitor overstepped its authority in calculating the capacity offer cap, but the RTO’s Tariff may need to be changed, FERC ruled.
News briefs on the federal agencies that impact those doing business in PJM's footprint. This week, we highlight the Energy Department, NIST and the NRC.
At FERC's uplift hearing, PJM was a target for criticism from market participants smarting over the $600 million uplift bill from January’s polar vortex.
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