FERC moves to combat emerging cybersecurity vulnerabilities Federal regulators have begun a push for new cybersecurity defenses to prevent sophisticated attackers from penetrating utility control rooms and other industrial control system centers by infiltrating malware on third-party vendors’ products. A proposed rulemaking announced Thursday by the Federal Energy Regulatory Commission would require utility industry representatives … Continue reading FERC moves to combat emerging #cybersecurity #vulnerabilities→
FERC Approves New Market Monitor Provisions for ISO-NE On June 30, 2015, FERC approved most of the proposed tariff revisions in a joint proposal from the ISO New England, Inc. (“ISO-NE”) and the New England Power Pool (“NEPOOL”) Participants Committee addressing the ISO-NE’s market monitor rules. Specifically, the proposed revisions are designed to mitigate the … Continue reading FERC Approves New #Market_Monitor Provisions for ISO-NE→
Chesco brothers face battle with federal energy regulators Two Chester County brothers are fighting back against federal regulators. The Powhatan Energy Fund, owned by Malvern natives Richard and Kevin Gates, made millions in the energy market in 2010. The government said it was too much. Late last month, federal regulators hit their energy fund and … Continue reading Chesco brothers face battle with federal energy regulators→
FERC Accepts ISO-NE Capacity Auction Results The Utility Workers Union of America Local 464 had challenged the results, charging that the Brayton Point Power Station illegally withheld capacity from the auction in order to drive up prices. (See Union: Void ISO-NE Capacity Auction Results.) The union tried unsuccessfully to make a similar complaint stick last … Continue reading FERC Accepts ISO-NE Capacity Auction Results→
FERC Conditionally Approves PJM’s Capacity Market Reforms; Chairman Bay Dissents On June 9, 2015, FERC conditionally approved significant reforms to PJM Interconnection LLC’s (“PJM”) capacity market framework. In doing so, FERC stated that PJM had demonstrated that the reforms were needed in order to ensure the long-term reliability of the electric supply within the PJM … Continue reading FERC Conditionally Approves PJM’s Capacity Market Reforms; Chairman Bay Dissents→
Delaware balks at power line funding formula Delaware utility regulators are balking at a plan to make Delmarva Peninsula customers help fund a $200 million power line project benefiting New Jersey and Pennsylvania. New York-based LS Power is planning a 230-kilovolt line from the Salem/Hope Creek nuclear complex in New Jersey under the Delaware River … Continue reading Delaware balks at power line funding formula→
Federal regulators approve Iberdrola-UIL merger FERC has approved the merger of Iberdrola and UIL, moving the two companies a step closer to creating one of the largest utilities in the nation, and the second largest wind developer. Connecticut and Massachusetts must also consider the deal, which is expected to close this year. The commission found … Continue reading Federal regulators approve #Iberdrola – #UIL merger→
FERC Orders Gates, Powhatan to Pay $34.5 Million; Next Stop, Federal Court? The Federal Energy Regulatory Commission on Friday ordered Richard and Kevin Gates and their associates to pay $34.5 million in penalties and disgorged profits in their high-profile market manipulation case. But the brothers say they will force FERC to collect in federal court, … Continue reading FERC Orders #Gates, #Powhatan to Pay $34.5 Million; Next Stop, Federal Court?→
FERC Approves NV Energy Request to Join California Energy Imbalance Market On May 14, 2015, the Federal Energy Regulatory Commission (“FERC”) issued an order addressing NV Energy’s proposed tariff changes for joining the California Independent System Operator (“CAISO”) Energy Imbalance Market (“EIM”) in Docket No. ER15-1196 (the “Order”). In its order, FERC conditionally accepted NV … Continue reading FERC Approves #NV_Energy Request to Join California Energy Imbalance Market #EIM→
FERC Advances Reliability Safety Mechanism In Final Clean Power Plan On May 15, 2015, the Federal Energy Regulatory Commission (FERC) provided the Environmental Protection Agency (EPA) with a letter signed by all five Commissioners that details its role in implementing a Reliability Safety Valve (RSV) in the proposed Clean Power Plan (CPP). The CPP proposal, … Continue reading FERC Advances Reliability Safety Mechanism In Final Clean Power Plan→
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