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.
FERC
The ultimate future of FERC Order 1920 depends on rehearing, implementation and inevitable litigation, but after reading through the order itself in the past week, many stakeholders see it as an important step forward in expanding the grid.
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FERC has approved an additional two-year delay of ISO-NE’s forward capacity auction 19, pushing the auction to February 2028.
NERC
Inverter-based resources took the focus at the monthly meeting of NERC's Standards Committee.
DOE
FERC granted Nevada Power an exemption simplifying the NV Energy subsidiary’s filing of its triennial updated market power analysis.
FERC
FERC issued Order 1920, its long-awaited final rule on long-term regional transmission planning and cost allocation, but it could not fulfill hopes for a unanimous vote.
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FERC is taking the rare step of holding a special open meeting May 13, a Monday, to vote on a proposal to overhaul its transmission planning and cost allocation rules.
PJM
FERC partially reversed a 2023 order allowing PJM to modify a parameter for the 2024/25 Base Residual Auction to avoid a substantial increase in capacity prices in the DPL South transmission zone.
NERC
FERC commissioners urged NERC to continue its outreach efforts at a meeting that also saw the ERO's Board of Trustees approve several new CIP standards.
DOE
DOE is looking to boost interregional transmission with its announcement of 10 proposed National Interest Electric Transmission Corridors, where projects could be eligible for a share of $2 billion in federal loans and special permitting under FERC’s backstop siting authority.
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FERC granted NYISO’s waiver request to update its installed capacity requirement for New York City in the 2024/25 capability year, which began May 1.
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