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Federal Energy Regulatory Commission Energy Market Electricity

Troutman Pepper

FERC Dismisses Lackawanna Complaint Against PJM Seeking “Stability Limit”-Related Lost Opportunity Costs

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On May 23, 2024, FERC issued an Order denying Lackawanna Energy Center LLC’s (“Lackawanna”) complaint against PJM Interconnection, L.L.C. (“PJM”) alleging that PJM failed to reimburse Lackawanna for lost opportunity costs...more

Foley Hoag LLP - Energy & Climate Counsel

NYISO Pushes Back Anticipated Compliance, Cluster Study Dates After FERC Order No. 2023-A

Interconnection reform is coming to New York State—right on (a slightly revised) schedule. In response to the issuance of a rehearing and clarification order on Federal Energy Regulatory Commission (“FERC”) Order No. 2023...more

Dorsey & Whitney LLP

Energy Law: Week in Review - March 2024

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Welcome to Dorsey’s Energy Law: Week in Review. We provide this update to our clients to identify significant developments from the previous week....more

Troutman Pepper

FERC Staff Issues Report on Lessons Learned from 2023 CIP Audits

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On December 12, 2023, FERC staff offered information and recommendations to help registered entities (i.e., users, owners, and operators of the bulk electric system) improve their compliance with mandatory Critical...more

Troutman Pepper

FERC Finds Dominion LNG Back-up Fuel Project Satisfies Hinshaw Exemption Under the NGA

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On November 16, 2023, FERC granted Virginia Electric and Power Company d/b/a Dominion Energy Virginia’s (“Dominion”) petition requesting the Commission declare that Dominion’s planned liquefied natural gas (“LNG”) production,...more

Troutman Pepper

FERC Staff Issues Winter Reliability Assessment Report

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On November 16, 2023, FERC staff issued the 2023-2024 Winter Energy Market and Electric Reliability Assessment report, projecting trends and identifying considerations for energy markets and electric reliability for the...more

Morgan Lewis - Power & Pipes

2023 FERC Enforcement Report: Continued Focus on Fraud, Manipulation, Market Integrity

The US Federal Energy Regulatory Commission (FERC or Commission) has released its annual report on enforcement for fiscal year 2023. As in fiscal year 2022, FERC’s Office of Enforcement (OE) focused on matters involving fraud...more

Cornerstone Research

Estimating Counterfactual Prices in Energy Markets

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The use of factual/counterfactual comparisons—that is, estimating the difference between what actually happened and what would have happened absent an event—is a fundamental tool in the economists’ work box in the context of...more

Troutman Pepper

PJM Files Capacity Market Overhaul for Resource Adequacy and Grid Reliability

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On October 13, 2023, PJM Interconnection, L.L.C. (“PJM”) submitted two filings with FERC proposing revisions to its Open Access Transmission Tariff (“Tariff”) and its “Reliability Assurance Agreement” (“RAA”) designed to...more

Troutman Pepper

FERC Finds Affiliation Between J.P. Morgan Investment and Mankato Companies

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On September 21, 2023, the Commission found that J.P. Morgan Investment Management Inc. (“J.P. Morgan Investment”) is an affiliate of Mankato Energy Center, LLC and Mankato Energy Center II, LLC (“Mankato Companies”) through...more

Troutman Pepper

Distributed Generation 2.0: What You Need to Know

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As expanded opportunities such as tax incentives continue to impact the landscape, it is important to understand the fundamentals – such as the players, their roles, and their relative risk profiles. In this video, Troutman...more

Troutman Pepper

FERC Adopts Regulations to Permit Credit-Related Information Sharing

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On June 15, 2023, FERC issued Order No. 895, adopting new regulations permitting regional transmission organizations (“RTO”) and independent system operators (“ISO”) to share, amongst each other, credit-related information of...more

Akin Gump Strauss Hauer & Feld LLP

Summary of Senate Energy and Natural Resources Committee Hearing on FERC Oversight

On May 4, the Senate Energy and Natural Resources Committee held a hearing titled “Hearing to Conduct Oversight of the Federal Energy Regulatory Commission.” This alert provides a high-level summary of the discussion....more

Troutman Pepper

FERC Partially Accepts ISO-NE Order No. 2222 Compliance Filing, but Expresses Concern that Proposal Could Create Undue Barrier to...

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On March 1, 2023, FERC partially approved ISO New England’s (“ISO-NE”) proposed tariff revisions in compliance with Order No. 2222, which removed barriers to the participation of distributed energy resource (“DER”)...more

Morgan Lewis

Storage Participation in Wholesale Markets

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Regulatory developments include FERC’s orders on electric storage resources participating in the wholesale markets, qualifying facility eligibility, and reliability rules for inverter-based resources....more

Troutman Pepper

On Rehearing, FERC Upholds Jurisdiction over AECI Emergency Energy Transactions in SPP Market During Winter Storm Uri

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On January 19, 2023, FERC issued an order upholding its decision to exercise primary jurisdiction over emergency energy sales between Southwest Power Pool, Inc. (“SPP”) and Associated Electric Cooperative, Inc. (“AECI”)...more

Orrick, Herrington & Sutcliffe LLP

FERC Approves PJM Interconnection Process Reforms to Address Backlog

On November 29, 2022, FERC issued an order approving a proposal by PJM to reform its interconnection procedures to enable it to process new interconnection requests more efficiently. The PJM reforms represent one of several...more

Akin Gump Strauss Hauer & Feld LLP

This Week’s Climate Policy Update - December 2022 #2

[co-author: Leila Fleming] As a final effort to pass his permitting reform, Sen. Joe Manchin (D-WV) released a new iteration of the bill with concessions on expanded authority to the Federal Energy Regulatory Commission....more

Morgan Lewis - Power & Pipes

FERC Orders Increased Reliability Regulation for Renewables

FERC issued three orders focused on increasing regulations for inverter-based resources (IBRs) in fulfillment of one of its primary goals to protect the reliability of the bulk-power system. FERC ensures this reliability...more

Stoel Rives LLP

FERC Accepts PJM’s Interconnection Queue Reform

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In a “FERC after dark” order issued late yesterday, November 29, the Federal Energy Regulatory Commission (FERC) largely accepted a comprehensive reform of the PJM interconnection process that applies to both generation and...more

Pierce Atwood LLP

FERC Releases Fiscal Year 2022 Annual Enforcement Report

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On November 17, 2022, the Staff of the Office of Enforcement (“OE”) of the Federal Energy Regulatory Commission (“FERC”) issued its sixteenth Annual Report on Enforcement (the “Report”). The Report discusses the activities...more

Davis Wright Tremaine LLP

FERC to Revoke Market-Based Rate Authority for Parties Not Complying with New Requirements by October 7

The Federal Energy Regulatory Commission (FERC) has issued an order with major implications for sellers with market-based rate (MBR) authority. Issued at the FERC’s meeting on September 22, 2022, the order provides notice to...more

Troutman Pepper

FERC Issues Show Cause Order and NOPR on Credit Risk

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On July 28, 2022, FERC issued a show cause order indicating that several regional transmission organization (“RTO”) and independent system operator (“ISO”) tariffs appear to be unjust and unreasonable because they lack...more

Morgan Lewis - Power & Pipes

New Legislation Would Give FERC Explicit Authority to Impose Trader Bans

US Senators Maria Cantwell (D-WA) and Catherine Cortez Masto (D-NV) introduced legislation on July 28, 2022, to provide FERC with the authority to temporarily or permanently ban any person from trading or transacting in...more

Stoel Rives - Renewable + Law

FERC Proposes Broad Reforms to Interconnection Process

At its June 16, 2022, open meeting, the Federal Energy Regulatory Commission (FERC or Commission) issued a notice of proposed rulemaking (NOPR), Improvements to Generator Interconnection Procedures and Agreements, 179 FERC ¶...more

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