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Troutman Sanders LLP [Communications@troutman.com] 11/15/2017 3:01:20 PM Wehrum, Bill [/o=ExchangeLabs/ou=Exchange Administrative Group (FYDIBOHF23SPDLT)/cn=Recipients/cn=33d96ae800cf43a3911d94a7130b6c41-Wehrum, Wil] Washington Energy Report November 15, 2017
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Washington Energy Report
FER. Approves $105 Million Settlement
with Barclay
Market Manipulation
By Russell Kooistra & Thomas PeVita on November 14, 2017
POSTED IN FERC ENFORCEMENT
On November 7, 2017, FERC approved a settlement between FERC's Office of Enforcement and Barclays Bank PIC ("Barclays"), Daniel Brin, Scott Connelly, and Karen Levine (collectively with Barclays, "Defendants") that resolves FERC's claims that Defendants manipulated physical electricity markets. Under the settlement, Barclays is required to pay $105 million in civil penalties and disgorgement, a big reduction compared to the $488 million FERC originally ordered.
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The Washington Energy Report is a weekly pubiication written by the Troutman Sanders Federal Energy Regulatory Commission ("FERC") practice that monitors and reports on significant developments in FERC and energy-related matters around the country.
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By Meghan Handel & Daniel Archuleta on November 14, 2017
202. 274.2966
Sierra Club v. EPA 18cv3472 NDCA
Tiers 8&9
ED 002061 00184096-00001
POSTED IN GENERATION, IVIARKET POLICY
On November 3, 2017, FERC largely denied rehearing requests from a group of generation developers ("Generation Developers") regarding the Midcontinent Independent System Operator, Inc.'s ("MISO") revisions to its Generator Interconnection Procedures ("GIP") and its pro forma Generator Interconnection Agreement ("GIA"). With the exception of one issue, FERC otherwise rejected the Generation Developers requests that FERC reconsider prior MISO revisions regarding the efficiency and timeliness of MISO's generator interconnection queue process contained in Attachment X of its Open Access Transmission, Energy and Operating Reserve Markets Tariff ("Tariff"),
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FERC Conditionally Accepts SPP Tariff
isiorts to Iroplemen
gertcy and
miatic ler
roartc
By Adrienne Thompson & Christopher Zentz on November 14, 2017
POSTED IN MARKET POLICY
On November 9, 2017, FERC issued an order conditionally accepting proposed revisions to Attachment AE of the Southwest Power Pool, Inc. ("SPP") Open Access Transmission Tariff ("Tariff). SPP's proposed Tariff revisions modify SPP's so-called "scarcity pricing" methodology in response to FERC Order No. 825. Under this newly-approved methodology, SPP will institute variable demand curves that will more accurately reflect the value of resources during times of shortages, thereby reducing price signal distortions that can reduce incentives for resources to respond to dispatch signals. In its order conditionally accepting the Tariff revisions, FERC directed SPP to make a compliance filing to show that certain provisions be placed in SPP's Tariff as opposed to its Marketplace Protocols.
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CAISQ Board Approves Proposals to
Enhan
,
?ty
Sierra Club v. EPA 18cv3472 NDCA
Tiers 8&9
ED 002061 00184096-00002
By JariiOi 14, 2017TM"
y & Jasrtii fites on November
POSTED IN GENERATION, REAB
The California Independent System Operator Corp. ("CAISO") is moving forward on a slate of proposals which are intended to enhance grid reliability. These proposals include addressing issues related to generation retirement, entering into a specific reliability must-run contract, modifications to incentives related to the resource adequacy program, as well as adjusting the compensation given to its Board of Governors (the "Board"). On November 2, 2017, the Board approved the four proposals, and CAISO will file any resulting tariff related changes with FERC at a later date.
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Sierra Club v. EPA 18cv3472 NDCA
Tiers 8&9
ED 002061 00184096-00003