Federal Energy Regulatory Commission

Utility Capital in the Twenty-First Century

What FERC might learn from Thomas Piketty and his best-selling book on wealth and income.

Thomas Piketty’s best-selling book, “Capital in the Twenty-First Century,” shows why utility transmission owners should not enjoy excessive returns.

Digest (July 2014)

Austin Energy awards Recurrent Energy a contract for Texas' largest solar power plant; Indianapolis Power & Light receives approval from IURC to invest $600 million in gas turbine power station; Tucson Electric Power to purchase solar power from Avalon Solar Project; Xcel Energy and SunPower sign a PPA for a 50-MW solar plant in Colorado; American Electric Power plans to replace existing wire on transmission line running from Ohio to West Virginia; Midcontinent ISO amends its tariff to allow for short-term variations in net load requirements; FERC approves ISO New England's "Pay-for-Performance" plan.

Enforcement Times Two

FERC and CFTC begin sharing information to target market manipulation in the energy industry.

Closer coordination between FERC and CFTC (and perhaps also with DOJ) will increase enforcement risk for energy industry traders.

Reliability vs. Resiliency

Prevent problems, or wait and respond when something happens?

FERC holds conference on electric reliability, asks about standards for resiliency – not just to prevent problems, but how to respond once they occur.

FERC Actions Support Expansion of Real-Time Market in the West

The California Independent System Operator (ISO) and PacifiCorp announced that tariff amendments to expand the ISO's real-time energy scheduling market across multiple states in the West was approved by the Federal Energy Regulatory Commission (FERC). The new market, known as the energy imbalance market (EIM), is expected to increase resource efficiency, reduce costs and more effectively use renewable and conventional resources.

Waiting for the Next Polar Vortex

How recent events could prove a harbinger of winters to come.

The winter of 2013-14 offered up a perfect storm of natural gas price spikes and threats to electric reliability. Expect more of the same.

The Powhatan Matter

Market manipulation versus the right to make a profit.

Harvard professor Bill Hogan claims FERC is wrong to find market manipulation where traders simply make profits on market defects known to all.

Negawhat?

EPSA v. FERC: How the court went wrong on demand response.

The court’s ruling in EPSA v. FERC assigns a retail/wholesale dichotomy to demand response, but is that distinction even meaningful?

FERC Approves Projects to Increase Natural Gas Supply to New York City by Next Heating Season

The Federal Energy Regulatory Commission (FERC) has approved Williams Partners and its wholly-owned subsidiary Transcontinental Gas Pipe Line Company’s (Transco) application to construct and operate two related projects designed to increase natural gas delivery capacity to Brooklyn and Queens in time for next winter's heating season. Transco will begin construction in June and plans to bring the projects into service in the fourth quarter of 2014.

Digest (May 2014)

GE Energy Consulting and the New York Power Authority agree to a license arrangement allowing NYPA to use GE’s MAPS software to perform high-fidelity nodal analysis; NRG acquires Roof Diagnostics Solar, a residential solar company; GE unveils 2.75-120 wind turbine; AEP awards Babcock & Wilcox a contract to provide steam generator services.