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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A new report from ACORE argues that industry needs to rethink the concept of resource adequacy to get more renewable energy online and decarbonize the grid.
Shutterstock
Proponents of the Southeast Energy Exchange Market asked FERC to approve several changes to the new market, which was instituted last month.
South Fork Wind
The U.S. Department of the Interior approved the construction and operations plan for the 132-MW South Fork Wind Project being built for LIPA.
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FERC ordered a paper hearing on the PJM transmission owner’s proposed tariff revisions to add network upgrades to rate base, requesting more information.
ECC/IdeaSmiths
A panel of conservative electricity market experts argued that markets work better than public policy at encouraging and developing clean energy resources.
Renewable developers don't expect much from the Southeast Energy Exchange Market, saying it falls short of the transparency and competition in RTOs.
Fletcher6, CC BY-SA-3.0, via Wikimedia
FERC voted 3-1 to reduce the base return on equity for Exelon’s Mystic Generating Station as part of its reliability-must-run agreement with ISO-NE.
EIA
Concerns over FERC’s legal authority to mitigate greenhouse gas emissions came up throughout the commission’s technical conference on GHG mitigation.
GSEC
FERC approved a consent agreement between its Office of Enforcement and Golden Spread Electric Cooperative over charges of market manipulation.
MISO
MISO pushed its deadline for approvals of the first long-range transmission projects from March into late spring.
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