Federal Energy Regulatory Commission

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The trouble with treating grid projects as market players in New York’s capacity auction.

Transmission is not generation. Yet New York ISO makes grid projects qualify as competitive, like gen plants, to get to play in its capacity market.

Partnership, Not Preemption

How state-sponsored planning can fit with FERC’s capacity markets.

FERC-approved capacity markets and state-sponsored resource planning serve different needs. The one shouldn’t pre-empt the other.

Tranche Warfare

The experts do battle over capacity market design.

A FERC conference this fall aired new major policy options for capacity markets. Amid the battle, ISOs are making tactical adjustments.

Dodd-Frank and Electric Utilities

Understanding the new mosaic of commodities trading regulations.

Compliance with Dodd-Frank might not be as complicated as feared; however, companies must be vigilant in order to maintain the relevant exemptions.

Innovation Mandate

Meeting the just-and-reasonable standard in a time of change.

Who can say for sure if markets are working? The landscape keeps shifting.

Western Energy Imbalance Market Design Gets Approval from ISO Board

The design framework for a California Independent System Operator (ISO) energy imbalance market (EIM) received approval from the ISO board of governors. The EIM will allow western grid operators, known as “balancing authorities”, to voluntarily participate in a real-time energy market that enhances grid reliability and responsiveness, effectively integrates renewable power and saves wholesale energy costs. The ISO’s first EIM partner, PacifiCorp, has been working with the ISO to prepare for implementing the market expected to go live on October 1, 2014.

Anomaly or New Normal?

Regulators weigh interest rate climate and future Fed policy in setting allowed return on equity.

(November 2013) Consumer advocates argue for lower allowed utility returns, to reflect lower financing costs. Our rate case survey shows mixed regulatory responses.

Don't Fear the FERC

Market-manipulation violations can bring civil penalties and disgorgement losses. Energy traders can mitigate FERC enforcement risks with four straightforward (yet effective) steps.
Market-manipulation violations can bring civil penalties and disgorgement losses. Energy traders can mitigate FERC enforcement risks with four straightforward (yet effective) steps.

Sound and Fury

How NIPSCO feels leaned on.

Northern Indiana Public Service, the MISO member sandwiched between PJM’s Ohio territory and its noncontiguous Chicago outpost, feels particularly aggrieved by the failure of the MISO-PJM Joint Operating Agreement, approved by FERC in 2004, to facilitate cross-border grid projects to relieve constraints along the ragged and interlaced seam that separates the two regions.