ferc
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Legal & Regulatory
FERC Can Support Hydrogen by Taking Jurisdiction Over Interstate Pipelines
As the U.S. moves toward decarbonization, hydrogen is expected—in its green, blue, and grey varieties—to increasingly be an alternative to conventional fossil fuels. It can be produced in abundance from
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Energy Security
Rethinking Energy Reliability with Modern Power Systems
As the energy transition to inverter-based resources continues, reliability risk increases and requires additional investment to mitigate threats. But what measures should be put in place, what are the
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Commentary
More Than Statistics: Maximizing Value From FERC OE’s Annual Report on Enforcement
Each year, pursuant to the Federal Energy Regulatory Commission’s (FERC or Commission) Revised Policy Statement on Enforcement, FERC’s Office of Enforcement (OE) publishes “annual statistical reports” summarizing its enforcement activities during the preceding fiscal year (FY). Consistent with that directive, OE’s Annual Report on Enforcement (Annual Report) contains a range of statistical information about the […]
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News
Third North Carolina Power Substation Targeted by Gunfire as BPS Physical Security Concerns Mount
A third power substation has been damaged by gunfire in North Carolina, prompting an FBI investigation. The incident on Jan. 17 is part of a spate of gunfire vandalism that has renewed physical security concerns at a federal level. The Randolph County Sheriff’s Office in Thomasville, central North Carolina, said the latest incident, believed to […]
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Energy Security
Bulk Power System Deficiencies During Winter Storm Elliot Prompt Inquiries
Assessments are underway to pin down factors that prompted emergencies, tight grid conditions, and even load-shedding by major entities as Winter Storm Elliot bore down on the North American bulk power system (BPS) this past week. The Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corp. (NERC), and regional entities affiliated with […]
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Legal & Regulatory
FERC: Investors with Utility Board Members are Affiliates
Building on analysis in its February 2021 Public Citizen, Inc. v. Centerpoint Energy, Inc. opinion, the Federal Energy Regulatory Commission (FERC) recently issued decisions in Evergy Kansas, Inc. (Evergy) and Transalta Energy Marketing (U.S.), Inc. (Transalta) analyzing whether investments that were under 10% of outstanding voting shares, but were paired with appointment of directors that […]
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Legal & Regulatory
Are PJM’s Plunging Capacity Prices a Harbinger of Power Markets’ Demise?
Few observers outside the electric utility industry understand the U.S. power grid, often called the world’s largest machine. It’s three grids, actually—the Eastern Interconnect, the Western Interconnect, and the Texas Interconnect. Much of the Eastern and Western Interconnects are subdivided regionally into independent organizations—independent system operators (ISOs) or regional transmission operators (RTOs)—that monitor, coordinate, and […]
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Cybersecurity
Goldman Sachs Stake in Fortress Underscores Supply Chain Cybersecurity Priority
A Goldman Sachs private equity business is taking a stake in critical industry cybersecurity firm Fortress Information Security. The $125 million investment underscores a heightened awareness of supply chain vulnerabilities within the investor community. Fortress, which announced the investment from Goldman Sachs Asset Management Private Equity on April 19, said it also highlights a wider […]
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Legal & Regulatory
SCOTUS Reinstates Trump-Era Environmental Certification Rule
The U.S. Supreme Court on April 6 reinstated a Trump-era environmental rule that limited state and tribal roles in enforcing a section of the Clean Water Act (CWA) related to project certification. The order is a temporary triumph for eight states and three energy trade associations, including the National Hydropower Association (NHA). The high court’s […]
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Markets
Market Transitions: The MOPR Merry-Go-Round
The PJM Interconnection’s Minimum Offer Price Rule (MOPR) was introduced in 2006 as a floor to bar new generators from artificially depressing capacity auction clearing prices through below-cost bids.