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.
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The three nominees to be FERC commissioners faced questions from the Senate Energy and Natural Resources Committee in a hearing that was light on fireworks.
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Nearing completion of its transmission planning rulemaking, FERC said it is forming a new working group with state regulators with a focus on reliability.
NYISO
FERC approved NYISO’s proposed tariff revisions aimed at enhancing the coordination between its interconnection study processes, minimizing redundant study evaluations and streamlining study processes.
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FERC rejected Tri-State Generation and Transmission Association’s proposed rates, ruling that the cooperative failed to unbundle ancillary services as has been required since 1996.
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The 3rd Circuit vacated FERC’s order allowing PJM to revise a capacity market parameter for the DPL South zone after the 2024/25 auction had been conducted but prior to the publication of its results, ruling that it constituted retroactive ratemaking.
Transwest Express
FERC approved a proposal to allow transmission lines outside California to join CAISO under a new subscriber-funded model that avoids allocating project costs to the ISO’s load-serving entities.
U.S. House Committee on Oversight and Accountability
Former FERC Commissioner James Danly told a House Oversight subcommittee that federal subsidies overvalue some resources, while undervaluing others, putting the future of the grid at risk.
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FERC released its fiscal year 2025 congressional justification, which would have the agency fund itself with $532 million from fees and annual charges assessed to entities it regulates.
Western Area Power Administration
MISO has registered a separate complaint with FERC to retract market-to-market coordination with SPP on a contentious flowgate persistently taxed by a North Dakota cryptocurrency mining operation.
CAISO
FERC issued an order partly approving rule changes CAISO filed to its tariff that are meant to enable its participation in the Extended Day Ahead Market once it goes live.
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