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November 20, 2024

Federal Energy Regulatory Commission (FERC)

FERC Rejects Cost Formula for NJ Merchant Tx
FERC ruled two merchant transmission operators in New Jersey are liable for cost allocations under PJM’s RTEP despite converting from firm to non-firm.
Danly Sworn in; Morenoff Named Acting General Counsel
James Danly was sworn in as a FERC commissioner, officially beginning a term to end in 2023 and giving Republicans a 3-1 advantage on the commission.
FERC Approves NorthernGrid Merger
FERC gave its blessing to the merger of Columbia Grid and Northern Tier Transmission Group to form NorthernGrid, a transmission planning region stretching eight states.
FERC: SPP Withdrawal Deposit not Membership Barrier
FERC reiterated that non-transmission owning members of SPP are still subject to a $50,000 deposit for if they withdraw from the RTO.
FERC OKs Broader Market Protections for MISO
FERC approved MISO’s proposal to bar participants from its market when it identifies evidence of default, manipulation or unreasonable risk.
Board OKs 11th MISO Sector, Orders Redesign
MISO’s Board of Directors cleared the Advisory Committee to create an 11th stakeholder sector while instructing the committee to overhaul its sector design.
FERC Conditionally OKs Purchase of EPE
FERC conditionally approved J.P. Morgan’s $4.3 billion purchase of El Paso Electric, directing the companies to file a mitigation plan.
DC Circuit Upholds FERC on BGE Rate Case
The D.C. Circuit Court of Appeals upheld FERC’s 2017 ruling denying Baltimore Gas and Electric’s bid to recover $38M in taxes deferred over a decade.
FERC OKs PJM Regulation Deal over Monitor’s Opposition
FERC approved settlements of two complaints over PJM’s regulation market design despite opposition from Dominion Energy and the Independent Market Monitor.
FERC Denies Rehearing on PJM Arbitrage Fixes
FERC denied rehearings on orders rejecting PJM’s efforts to stop capacity market participants from attempting to arbitrage between the BRA and Incremental Auctions.

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