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
FERC approved $2.3 million in penalties against Vitol and one of its traders for manipulating CAISO's market in 2013 to limit losses stemming from the firm's congestion revenue rights position.
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FERC rejected PG&E's request for an adder to its transmission rates based on its participation in CAISO, finding that California law precludes it from leaving the ISO without the state’s permission.
ISO-NE
FERC has approved ISO-NE’s proposal to delay Forward Capacity Auction 19 by one year, pushing the auction to February 2026.
Grid North Partners
FERC OKd Dairyland Power Coop’s requested rate incentives for the Wilmarth-North Rochester-Tremval project, a 169-mile line spanning Minnesota and Wisconsin.
Basin Electric Power Cooperative
A federal appeals court rejected Lincoln Electric System’s request to review a FERC decision turning down the utility’s request to recover costs from its investment in a Wyoming generating facility.
New York Transco
FERC approved transmission rate incentives for New York Transco’s Propel NY Energy project, but ordered settlement proceedings on its proposed base ROE of 10.7%
Duke Energy
FERC rejected a proposal Duke Energy filed to update its transmission planning process in the Carolinas due to a cost threshold in the proposal, saying other aspects of the filing seemed just and reasonable.
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SPP’s Markets+ senior leadership approved the day-ahead market’s proposed governing document, a significant milestone in the drive to file a tariff with FERC in early 2024.
ISO-NE
ISO-NE outlined key components of tariff changes it plans to comply with Order 2023, including cluster timelines and storage study assumptions.
© RTO Insider LLC
CAISO marked a key milestone in its Western expansion efforts after FERC approved nearly every aspect of its proposed Extended Day-Ahead Market.
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