FERC reversed a decision that allowed CAISO to include an adder in the formula for offers that exceed the soft cap for its capacity procurement mechanism.

FERC ordered CAISO, ISO-NE, MISO, NYISO, PJM and SPP to report on how system needs are changing with their shifting resource mixes and how they will meet them.

Rising natural gas prices and extreme weather pushed wholesale electricity prices higher in 2021, FERC said in its annual State of the Markets report.

FERC proposed changing transmission planning and cost allocation processes to help build out the grid in response to electrification and renewables.

ISO-NE's Order 2222 compliance filing has been criticized by environmental groups and renewable advocates who say it fails to meet the goals laid out by FERC.

FERC ordered PacifiCorp to refund premiums it received for sales above WECC's soft price cap of $1,000/MWh during the severe Western heat wave of August 2020.

FERC challenged the transmission formula rate protocols of five Western utilities, saying they lack sufficient transparency and customer protections.

FERC on Thursday ordered the operator of a dam in upstate New York to pay a $600,000 civil penalty for failing to make needed repairs over six years.

Stakeholders told MISO it should use a consistent capacity accreditation process for both its conventional and non-thermal generators.

New York TOs again rejected challenges to their new public policy category of local transmission development for purposes of cost sharing and recovery.