ferc
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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.
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Legal & Regulatory
Former FERC Commissioner Says ‘Market Design Problem’ Was a Leading Cause of February 2021 Texas Power Crisis
In February 2021, a severe cold weather event, known as Winter Storm Uri, caused numerous power outages, derates, or failures to start at electric generating plants scattered across Texas and the south-central U.S. The Electric Reliability Council of Texas (ERCOT), which manages the power supply for about 90% of the load in Texas, ordered a […]
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Commentary
How FERC Can Have a Positive Impact on Grid Reliability
As the regulator for much of our nation’s wholesale electric and natural gas markets, actions by the Federal Energy Regulatory Commission (FERC) directly impact the U.S. economy. The agency’s response to
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Gas
ISO-NE Move Puts New Gas-Fired Plant in Doubt
The future of a natural gas-fired power plant planned in northeastern Connecticut is in jeopardy after regional grid operator ISO-New England (ISO-NE) asked the Federal Energy Regulatory Commission (FERC) for permission to end a capacity contract with the project. Florida-based NTE Energy’s plan to build the 650-MW Killingly Energy Center has been delayed due to […]
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Markets
FERC Tackles Modernization of U.S. Power Markets
The seven major organized electricity markets scattered across the U.S. account for roughly two-thirds of all power generated in the country. Most of these markets are made up of Independent System Operators (ISOs) and Regional Transmission Organizations (RTOs) that were created more than twenty years ago. The primary mission of the markets is to neutrally […]
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Press Releases
FERC Approves Giving a Vote for the Coal-Supply Chain Within MISO’s Advisory Committee
Washington, D.C. – Today, the Federal Energy Regulatory Commission (FERC) approved a proposal from the Midcontinent Independent System Operator (MISO) to give voting rights to the recently created Affiliate Sector within MISO’s Advisory Committee. By providing a vote to the Affiliate Sector, currently made up by entities representing coal producers, electricity generators, railroads, barge operators and […]
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Legal & Regulatory
Is America Ready to Take a ‘Baby Step’ Toward Carbon Pricing?
Most people recognize that carbon dioxide (CO2) is a greenhouse gas (GHG), and while not everyone agrees, a majority of climate scientists believe increasing concentrations of GHGs in the atmosphere are causing climate change on Earth. Carbon pricing is a market-based strategy for reducing CO2 emissions. The goal of carbon pricing schemes is to place […]
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Distributed Generation
A Brave New World of Reliability: ELCC, EIMs, and DERs
Market forces and government policy are driving clean energy deployment across the U.S. at a level that could impact reliability if not carefully implemented. State regulators, independent system operators
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