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Troutman Sanders LLP [Communications@troutman.com] 12/20/2017 4:59:34 PM Wehrum, Bill [/o=ExchangeLabs/ou=Exchange Administrative Group (FYDIBOHF23SPDLT)/cn=Recipients/cn=33d96ae800cf43a3911d94a7130b6c41-Wehrum, Wil] Washington Energy Report December 20, 2017
Washington Energy Report
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icfe isions to
1MOPR arid Reinstates Prior MOPR
Des
By J a n io iid P erry & J a s m in e H ites on December
19,2017
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POSTED IN MARKET POLICY
On December 8, 2017, FERC issued an order on remand, rejecting PJM interconnection, L.L.C.'s ("PJM") proposed revisions to the minimum offer price rule ("MOPR") in its entirety, reinstating PJM's prior FERC-approved market design. FERC further determined that it would not require PJM to rerun the markets for the period in which the now defunct MOPR rules were in operation, as doing so would be burdensome and significantly disrupt the market.
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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.
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By R usse ll K o o is tra & Christopher
Z e n tz on December 19, 2017
Sierra Club v. EPA 18cv3472 NDCA
Tiers 8&9
202. 274.2966 ED 002061 00183573-00001
POSTED IN FERC_ENFORCEMEhT> NATURAL_GAS
On December 11,2017, BP America Inc., BP Corporation North America Inc., BP America Production Company, and BP Energy Company (collectively, "BP") requested FERC to dismiss its July 11,2016 order ("July 11 Order") assessing civil penalties against BP and requiring BP to disgorge profits for violating FERC's anti-market manipulation rule. In doing so, BP argued that, due to recent federal court cases, the law had changed regarding the statute of limitations for actions imposing civil penalties and disgorgement.
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Eversource Issues Cease arid Desist in poose to Claims of Withholding
Pipeline Capacity
By Meghan H andel & Thomas PeVita on December 20, 2017
POSTED IN NATURAL GAS
On December 11,2017, Eversource Energy ("Eversource") sent a cease and desist letter to Fred Krupp, President of the Environmental Defense Fund ("EDF") and N. Jonathan Peress, EDF's Senior Director of Energy Market Policy. Specifically, Eversource directed both EDF executives to immediately stop the publication of all statements insinuating that Eversource has withheld gas pipeline capacity from the wholesale electricity market in order to earn profits from higher prices.
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Government Accountability Office |s FERC tp Imprci i Election and Assessment of Capacity Market Performance
By Adrienne Thompson & D aniel Archuleta on December 19, 2017
POSTED IN UNCATEGORIZED
Sierra Club v. EPA 18cv3472 NDCA
Tiers 8&9
( SUBSCRIBE
ED 002061 00183573-00002
On December?, 2017, the U.S, Government Accountability Office ("GAO") issued a report summarizing its review of FERC's oversight of the nation's four regional capacity markets. The GAO found generally that "FERC has not fully assessed the overall performance of capacity markets," and the agency recommends that FERC improve data quality, use consistent metrics reported through standardized definitions, and establish goals, performance metrics, and risk tolerance levels for capacity markets.
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Sierra Club v. EPA 18cv3472 NDCA
Tiers 8&9
ED 002061 00183573-00003