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May 10, 2024

Western Energy Crisis

FERC Eliminates West-Wide Must-Offer Rule
FERC last week eliminated the must-offer obligation in effect throughout WECC since the tail-end of the California energy crisis of 2000-2001.
FERC to Consider Western Energy Crisis ‘Umbrella Pricing’ Theory
FERC last week agreed to consider whether reporting deficiencies concealed market manipulation that contributed to the Western Energy Crisis of 2000-2001.
Governance Plan Critics Urge Slowdown of Western RTO Development
Critics say CAISO is moving too quickly in its effort to get a plan for a Western RTO to California lawmakers before legislative session's end.
Companies Dispute FERC Ruling on Crisis Contracts
Iberdrola struck back at a FERC judge’s ruling on their energy crisis supply contract that could subject the company to more than $370 million in penalties.
FERC ALJ: Shell, Iberdrola Owe California $1.1B over Energy Crisis
A FERC judge ruled that Shell and Iberdrola  saddled California consumers with $1.1 billion in excess energy costs at the height of the Western Energy Crisis.

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