contract termination payment (CTP)
FERC upheld the contract termination payment rules for Tri-State Generation and Transmission Association it approved last year, though it modified some of its original order in response to requests for clarification.
FERC ordered Tri-State Generation and Transmission Association to rework two filings involving departing members in orders issued March 29.
FERC issued an order ending a couple years of litigation over what Tri-State can charge its exiting members, picking a "Balance Sheet Approach" initially proposed by departing member United Power and then modified by commission staff.
FERC rejected United Power’s request to provide Tri-State Generation and Transmission Association with a nonbinding, conditional withdrawal notice.
Regulatory hurdles remain for Tri-State G&T, despite FERC's acceptance of the cooperative's controversial exit-fee methodology for its members.
FERC has opened a Section 206 proceeding against Tri-State G&T following complaints that its proposed exit-fee requirements are unjust and unreasonable.
Want more? Advanced Search