September 30, 2024

FERC & Federal

The Federal Energy Regulatory Commission is an independent regulatory agency that oversees the transmission of electricity, natural gas and oil in interstate commerce, as well as regulating hydroelectric dams and natural gas facilities. 
Google
FERC OKs GreenHat Settlements
The principals of GreenHat Energy will pay PJM $1.4 million to settle claims over the company’s FTR market default, which cost members nearly $180 million.
Pattern Energy
ERCOT Board Gives Southern Cross Project a Boost
ERCOT’s Board of Directors has added its endorsement of the Southern Cross Transmission merchant project’s last three regulatory directives.
© RTO Insider LLC
Battle Lines Drawn on FERC Tx Planning NOPR
Commenters disagreed over FERC’s proposed transmission planning rules, sparring over its 20-year planning horizon and reinstatement of the federal ROFR.
BPA
BPA Commits to Funding Markets+ Development
The Bonneville Power Administration has said it will become the first western utility to formally commit to funding development of SPP’s Markets+ in the West.
The White House
Biden Signs Inflation Reduction Act
President Biden signed the $740 billion Inflation Reduction Act (H.R. 5376) into law, kicking off an aggressive pre-midterm election campaign.
Power Engineers
DC Circuit Faults FERC on Cost Allocation of New Jersey Transmission Projects
The D.C. Circuit rejected PJM’s “de minimis” exemption under its DFAX cost allocation and ordered FERC to explain its OK of DFAX's use in two N.J. projects.
The White House
House Passes IRA, Sends to Biden’s Desk
The U.S. House passed the Inflation Reduction Act, sending the $740 billion package of tax, health and climate provisions for President Biden’s signature.
Resources for the Future
How Much Will the IRA Cut GHG Emissions, Home Energy Costs?
A panel of industry analysts presented their estimates of how much the Inflation Reduction Act would reduce emissions and its impact on household energy costs.
Clean Energy States Alliance
DOE Previews New Federal Funding for Energy Storage Demo Projects
The Biden administration’s goal of achieving net-zero emissions by 2050 will require an investment of $300 billion a year until 2050, the DOE estimates.
© RTO Insider LLC
DC Circuit Sends FERC Back to Drawing Board on MISO ROE
The battle over MISO transmission owners’ return on equity continued with the D.C. Circuit Court of Appeals vacating FERC’s order setting the rate at 10.02%.

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