Document O1K4qjaqbp0VQwwZkwZwB4Dgv

Message From: Sent: To: Subject: Troutman Sanders LLP [Communications@troutman.com] 6/27/2018 1:02:40 PM Wehrum, Bill [/o=ExchangeLabs/ou=Exchange Administrative Group (FYDIBOHF23SPDLT)/cn=Recipients/cn=33d96ae800cf43a3911d94a7130b6c41-Wehrum, Wil] Washington Energy Report June 27, 2018 Click Here to yiewon]ine FERC to Review ADIT Methodology for Certain Public Utilities' Formula Iransrnissiori Rates By Meghan Mandel & Thomas PeVita on June 26, 2018 POSTED IN On June 21,2018, FERC issued an order instituting several proceedings, pursuant to section 206 of the Federal Power Act, to examine the methodology utilized by certain public utilities for calculating Accumulated Deferred Income Tax ("ADIT") balances in their projected test year and annual true-up calculations for their formula transmission rates. Read More P.C, Circuit Affirms Denial o Gas Fercha; sts Purl Vortex every of ter By Russali Kooistra & Thomas DeVita on June 26, 2018 POSTED IN GENERATION, MARKET POLICY, NATURAL GAS The Washington Energy Report is a weekly publication 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. Quick Links W ashinglonjjine^ Enemy^^ Troutman Sanders Contacts 202. 274.2926 SOartCMtlM 212. 704.6060 Email Amie .Colby 202. 274.2922 Eman Sierra Club v. EPA 18cv3472 NDCA Tiers 8&9 ED 002061 00180695-00001 On June 15, 2018, in separate opinions, the U.S. Court of Appeals for the District of Columbia Circuit ("D.C. Circuit") affirmed two FERC rulings that denied utilities' requests to be made whole for purchasing natural gas at inflated prices to comply with their PJM Interconnection, L.L.C. ("PJM") capacity resource obligations during the 2014 Polar Vortex, Specifically, the D.C. Circuit upheld FERC's holdings that (1) permitting the utility in one case to recover costs retroactively would violate the filed rate doctrine and the rule prohibiting retroactive ratemaking and (2) the utility in the second case was not entitled to indemnification for its losses resulting from PJM requesting the utility to comply with its capacity resource obligations. Read Pore FERC Approves CAISQ's Creation of OppoP ast Adder ft e-Umited By Elizabeth McCormick & Jasmine Hites on June 26, 2018.............................................................. POSTED IN RIARKET POLICY On June 21,2018, FERC approved tariff provisions proposed by the California Independent System Operator ("CAISO"). Specifically, the Commission's order approved, subject to compliance filing, CAISO's proposals to revise the definition of which resources qualify as uselimited and to allow those resources to include opportunity cost adders in their bids, while rejecting CAISO's proposed revisions relating to the Master File, an electronic database of generator-provided data on resources participating in CAISO markets, as well as its proposal to remove ramp rates as components of daily bids. Read more 202. 274.2814 Anne Daley 202. 274.2870 202. 274.2886 202. 662.2181 Brandon_Marzo 404. 885.3683 Email RhytRii.nt.Ad 202. 274.2850 Email cyffoMSiksra 202. 274.2966 503. 290.2310 | SUBSCRIBE FERC Conditionally Approves IVIISO Tariff Revisions Regarclipi lation ofGIAs By Jamoncl Perry & Christopher Zee to on June 26, 2018 " ! Sierra Club v. EPA 18cv3472 NDCA Tiers 8&9 ED 002061 00180695-00002 POSTED IN GENERATION On June 21,2018, FERC found that the Midcontinent independent System Operator, Inc.'s ("MISO") Open Access Transmission Tariff ("Tariff) provisions governing the termination of generator interconnection agreements ("GIAs") were unjust and unreasonable due to an inconsistency between the terms of the GIA contained in the Tariff and the MISO Generator Interconnection Procedures ("GIP"), FERC also accepted, after a paper hearing, MISO's proposed revisions to the GIA and GIP termination provisions, subject to further revisions. MISO's Tariff revisions clarified that an interconnection customer could extend its commercial operating date ("COD") for up to three years without risking termination from MISO, which FERC found, subject to modification, just and reasonable. f W 1rs 0 Sierra Club v. EPA 18cv3472 NDCA Tiers 8&9 ED 002061 00180695-00003