The Supreme Court’s recent decision empowering the Environmental Protection Agency to regulate carbon dioxide shifted momentum toward a mandatory program to cap greenhouse-gas emissions....
on consumers for significant periods of time. The report also points out that ratepayers remain at risk while policymakers wait for the industry to form RTOs with their own plans to monitor markets.
"FERC must develop a plan for monitoring the market," says GAO, "until the transmission organizations' market monitoring units become fully operational."
"FERC simply cannot let the markets continue to go unmonitored for this length of time."
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