FERC Proposes Policy Clarifying Hold Harmless Commitments
On January 22, 2015, FERC issued a proposed policy statement to clarify FERC's policy regarding the use of hold harmless commitments in Federal Power Act section 203 applications. Under the proposed policy statement, applicants will still be required to demonstrate that the proposed transaction does not have an adverse effect on rates, but FERC will define with greater specificity what costs will be considered transaction-related costs and how hold harmless commitments will apply. [Read more →]
FERC Approves Protection System Maintenance Reliability Standard
On January 22, 2015, the Commission issued Order No. 803, approving a new version of Reliability Standard PRC-005 ("PRC-005-3") that requires applicable entities (Transmission Owners, Generator Owners, and Distribution Providers) to test and maintain certain autoreclosing relays as part of their protection system maintenance program. [Read more →]
FERC Approves PJM Energy Offer Cap Increase for 2014/2015 Winter
On January 16, 2015, FERC approved PJM Interconnection LLC's ("PJM") request to raise its cap on cost-based energy offers from $1,000/MWh to $1,800/MWh for the winter season. According to PJM, the increase is designed to ensure that generators can recover all their costs in the event of severe cold during the 2014/2015 winter. PJM's requested increase was based on last winter's highest cost-based offer of $1,725/MWh. [Read more →]
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
