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Inflation Reduction Act
A Divided CFTC Flexes Muscles With $12 Million ConAgra Civil Penalty
The Commodity Futures Trading Commission issued an order August 16 approving a settlement resolving allegations that ConAgra Trade Group, Inc. caused a non-bona fide price to be reported for a NYMEX spot month crude oil futures contract in violation of...
DC Circuit Affirms FERC On Maintaining Price Caps On Gas Pipeline Capacity Sales
The U.S. Court of Appeals for the D.C. Circuit has upheld FERC's decision to remove price ceilings on short term (one year or less) capacity releases by shippers on natural gas pipelines, while maintaining price ceilings on capacity sales by...
Congress Proposes New Enforcement Authority for FERC
The American Clean Energy And Security Act of 2009 ("ACES"), or H.R. 2454, is a comprehensive energy bill that was introduced on May 15, 2009. ACES contains new enforcement provisions that would significantly increase the authority of the Federal Energy...
Employee Function Replaces Corporate Separation as Cornerstone of FERC's New Standards of Conduct
The Federal Energy Regulatory Commission adopted revised Standards of Conduct (Standards of Conduct) for Transmission Providers "• both natural gas pipelines and electric transmission systems "• in its October 16 Order No. 717. The single largest change from earlier SC...
PJM's RPM Dodges Buyers' Bullets However Well Aimed
FERC stopped a rebellion of PJM Interconnection power buyers in a September 19 order that rejected their complaint against PJM's reliability pricing model (RPM) capacity obligation and auction. A motley crew of buyers and their representatives "” coops, state commissions...
FERC Seeks Industry Input on Uniform Definition of "Affiliate"
Seeking to clear up an apparent inconsistency in the definition of an "affiliate" in its regulations, on August 29 FERC issued an order asking for the industry's input on a uniform definition of "affiliate" for purposes of the agency'smarket-based rate...
Making Waves "• FERC Turns Attention to Ocean Power
The Federal Energy Regulatory Commission has put the spotlight on a lesser known but potentially valuable source of renewable energy by announcing an interim policy and inviting public comment on how to process preliminary permit applications for ocean energy: wave...
FERC Asks for Comments on the Roles of RTOs and ISOs in Establishing Reference Prices for Mitigation
On April 1, 2005, FERC invited comments on the roles of Regional Transmission Organizations ("RTO"), Independent System Operators ("ISO"), or their market monitors in establishing reference prices to be used to lower or "mitigate" wholesale power prices deemed to be...