On September 17, 2015, the Federal Energy Regulatory Commission (FERC) issued a Notice of Proposed Rulemaking (NOPR) to expand the obligations of Regional Transmission Organizations and Independent System Operators (RTOs/ISOs) to report information to the Commission regarding the organized electric markets that RTO/ISOs administer. The proposed changes will affect market participants who own or have a role in operating FERC-jurisdictional assets, financial market participants, individual employees of market participants, and investors and affiliates of market participants.

This alert describes the NOPR and identifies some important implications for electricity market participants.