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.
A collective of consumer groups has invoked a recent letter from the U.S. Department of Justice in an attempt to get FERC to act on its three-year-old complaint against MISO deferring to state right of first refusal laws in regional planning.
FERC’s approval of SPP’s Markets+ funding agreement and its recovery mechanism came as backers of the Western centralized day-ahead market were meeting with the snow-capped Rockies as a backdrop.
ACORE released a report arguing that transmission planners need to take advantage of advanced technologies and can do so as they implement FERC Order 1920.
FERC approved SPP’s $150 million funding agreement for Markets+ and the funding mechanisms under which the RTO will finance the implementation phase of the market’s development.
FERC approved a PJM proposal to limit capacity prices to between $175 and $325/MW-day for the next two Base Residual Auctions, resolving a complaint from Pennsylvania Gov. Josh Shapiro.
FERC approved most of NYISO’s proposed plan to comply with Order 2023, denying several of its proposed variations to the commission’s pro forma rules and directing the ISO to submit an additional compliance filing in 60 days.
Former FERC Chair Willie Phillips has resigned from the commission. The future of Phillips, a President Biden appointee, has been a matter of speculation since President Trump was elected in November.
The two Southwestern utilities are closer to compliance with FERC Order 2023 but still have work to do in response to orders the commission issued.
NERC defended its proposed standard on inverter-based resources from stakeholder criticism on several aspects, including its development process and exemptions for legacy technology.
FERC and NERC's report on the January winter storms indicated the gas and electric industries are improving their communication and coordination, staff said at the commission's April meeting.
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