Transmission & ISOs
FERC Docket No. ER97-1523-040, filed April 18, 2000.
Bruce W. Radford
The Wall Street Journal is goading Congress to act. And it might just work, if the warnings come to pass.
On May 8 ISO New England predicted it would have enough electricity to meet peak demand this summer. But how much demand are you gonna see at $6,000 per megawatt-hour, which was the ISO's prevailing price that day from 2 p.m. to 6 p.m?
Mergers & Acquisitions
Docket No. EC00-26-000, 91 FERC ¶61,036, April 12, 2000.
1. High Prices and Volatility
A former state regulator notes serious problems in Northeast power markets, and offers remedies.
One Market? The Case for Consolidation
Docket No. NOI-98-3, March 3, 2000 (Iowa Ut.Bd.)
Distributed Generation. In December and January the Illinois commission took comments from utilities, marketers, manufacturers, and trade and advocacy groups on how to develop policy on distributed generation.
* Rulemaking Strategy. Enron has urged the state to proceed in a fashion similar to the California PUC's
two-track investigation. It asked for two separate rulemakings on (1) interconnection standards for DG installations of 50 megawatts or less, and (2) rate design and operational issues.
* Unit Size Limits.
Curt L. HÃ©bert Jr. and Joshua Z. Rokach
Read the RTO Rule. You'll see that it paves the way for transcos.
On Dec. 20, the Federal Energy Regulatory Commission hit the streets (both Wall and Main) with Order 2000, its rule on regional transmission organizations (RTOs). Ever since, utilities, investors and their advisers have been poring through the 727 pages of the document. They want to know, "What does the FERC really want?"
The question is not simply academic. On March 1 in Cincinnati, the FERC will open the first of five collaborative workshops to explore the RTO Rule and help the industry respond.