Document peJGNb2XJEO8N3xgpM3kbeJ7D

Message From: Sent: To: Subject: Troutman Sanders LLP [Communications@troutman.com] 5/16/2018 6:02:40 PM Wehrum, Bill [/o=ExchangeLabs/ou=Exchange Administrative Group (FYDIBOHF23SPDLT)/cn=Recipients/cn=33d96ae800cf43a3911d94a7130b6c41-Wehrum, Wil] Washington Energy Report May 16, 2018 Washington Energy Report Second Gire Agains : Manipulation smisses Private Suit Alles is Market By Russell Po oistra & Ja sm in e Hites on May 16, 20 ............................. POSTED IN FERC. ENFORCEMENT, N M URAL.GAS On May 4, 2018, the U.S. Court of Appeals for the Second Circuit ("Second Circuit") dismissed a private suit filed by a group of investors ("Plaintiffs") seeking damages for Total Gas & Power North America, Inc., Total S.A., and Total Gas & Power Limited (collectively, "Total") for allegedly manipulating natural gas markets at four western trading hubs. In doing so, the Second Circuit held that Plaintiffs - who did not trade at the four western trading hubs at which Total traded, but argued that Total's trading impacted Plaintiffs' trading at the Henry Hub established constitutional standing but failed to plead sufficient facts to establish a plausible substantive cause of action. Read more 1C Approves SPI imination of Transmission Revenue r Mon- Capacity Upgrades and Limitin moye Sierra Club v. EPA 18cv3472 NDCA Tiers 8&9 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 AALiQiALA11rgyJieoort lMAiiAaCM IGLDID. Sanders Contacts 202. 274.2926 AmU CUby 202. 274.2922 Email M Usance Crowiev 2oz2742si4...... b& ED 002061 00181961-00001 Collection to Lon Customers m Firm Service By Adrienne Thom pson & Ja sm in e Hites on May 16,2018 ........................... POSTED IN TRANSMISSION On May 4, 2018, FERC issued an order approving a proposal by the Southwest Power Pool, Inc. ("SPP") to eliminate transmission revenue credits for certain non capacity network upgrades and to exempt non-firm and short-term firm point-to-point transmission service requests from incurring payment obligations for otherwise creditable system upgrades. Recognizing the flexibility afforded to Regional Transmission Organizations ("RTOs") and Independent System Operators ("ISOs") in the assignment of network upgrade costs, FERC rejected protests that SPP was not sufficiently recognizing the benefits of non-capacity upgrades. Read more Rejects PJM Tariff Proposal to Reduce Capacity Market Arbitrating By Jam o ccl Perry & Christopher Zeetz on May 16,2018 ^ ................................... POSTED IN MARKET POLICY 202. 274.2870 202. 274.2886 202. 662.2181 404. 885.3683 ChucxSensiba 202. 274.2850 Email CRIbmJTkora 202. 274.2966 Email Lus.SRaU! 503. 290.2310 | SUBSCRIBE On May 8, 2018, FERC rejected PJM Interconnection, L.L.C.'s ("PJM") proposed revisions to its Open Access Transmission Tariff ("Tariff) and Reliability Assurance Agreement Among Load Serving Entities in the PJM Region. PJM stated that these revisions would reform its Incremental Auctions and its method for addressing excess capacity in the PJM region ("Incremental Auction Proposal"). PJM specified that its current market rules do not protect against, and may in fact provide an incentive to engage in, speculative behavior, which distort price signals on the value of capacity. FERC rejected PJM's Incremental Auction Proposal because, according to FERC, PJM did not support its argument that speculative behavior is actually transpiring, and PJM already had procedures in place to address this activity if it is actually occurring. Sierra Club v. EPA 18cv3472 NDCA Tiers 8&9 ED 002061 00181961-00002 FERC Approves of SPP Regional Entity Dissolut cl Registered Entity Transfer to 5 ERC, MRQ By Meghan Mandel & Thomas DeVlta on May 16, 2018 ' POSTED IN RELjABILITY, TRANSMISSION On May 4, 2018, FERC approved the joint petition filed by the North American Electric Reliability Corporation ("NERO"), Midwest Reliability Organization ("MRO"), and SERC Reliability Corporation ("SERC") (collectively "Petitioners") requesting FERC approvals for the dissolution of the Southwest Power Pool Regional Entity ("SPP RE"), and the transfer of the registered entities within the SPP RE footprint to MRO and SERC ("Joint Petition"). Read more yrdate oreferences tow ard troutmanxcm f in 0 Sierra Club v. EPA 18cv3472 NDCA Tiers 8&9 ED 002061 00181961-00003