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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The transmission companies behind a major project to preemptively build two offshore wind interconnection points in New England have submitted their first FERC filings for the project.
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Citing a looming FERC deadline, NERC's Board of Trustees voted once again to sidestep the normal standards development process to accelerate development of the ERO's cold weather standard.
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FERC approved a diminished settlement with Total Gas & Power North America in a lengthy case, as a recent Supreme Court decision has impacted its enforcement processes.
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FERC denied SPP’s waiver request to allow the RTO’s interconnection customers without a pending request to ask for interim interconnection service during a period when the study queue cluster’s window is closed.
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NERC has submitted for FERC's approval two standards that would require balancing authorities to perform regular energy reliability assessments.
Consumers Energy
The D.C. Circuit found the commission appropriately approved a new pipeline in Indiana meant to serve new natural gas generation that the state approved.
Voltus
FERC authorized another penalty concerning demand response violations in the MISO capacity market, this time approving an $18 million settlement over Voltus reportedly falsifying registrations and overstating capacity from 2017 to 2021.
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ISO-NE’s multiyear effort to overhaul its forward capacity market likely will continue to dominate ISO-NE and NEPOOL work in 2025.
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The direction FERC takes during President-elect Donald Trump’s second term is up in the air, but the commission may spend some of its time attempting to cut costs to consumers.
We Energies
FERC has opened hearing and settlement procedures into the more than half-billion dollars We Energies is asking customers to foot for the early retirement of the coal-fired Oak Creek Power Plant.
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