On June 22, 2022, the Electric Reliability Council of Texas (ERCOT) Independent Market Monitor director, Carrie Bivens, testified before the Texas House State Affairs Committee on the ERCOT market design, reporting that ERCOT’s “conservative” operating posture since Winter Storm Uri could add $1.5 billion to consumer bills in 2022. (more…)
This week’s enforcement update covers:
- FERC Enforcement Staff presents the 2018 Summer Energy Market and Reliability Assessment;
- CFTC Staff issues report assessing market impacts of LNG;
- CFTC Commissioner Behnam discusses CFTC enforcement program and trends;
- FERC files opposition to TOTAL petition for writ of certiorari in the Supreme Court;
- Second Circuit affirms dismissal of class action against TOTAL for alleged natural gas manipulation; and
- FERC Enforcement settles investigation with PSEG.
Our first enforcement update for 2018 covers:
- FERC terminates DOE NOPR proceeding on grid resilience and initiates new proceeding;
- FERC increases maximum civil penalties for violations;
- TOTAL files petition for writ of certiorari in Supreme Court;
- FERC loses again – Judge rules Powhatan and Chen are entitled to a de novo trial in district court;
- Judge denies Silkman and CES objection to magistrate’s discovery rulings in district court; and
- ERCOT proposes rule revisions to protect its jurisdictional independence from FERC.