FERC-919, Refinements to Policies and Procedures for Market Based Rates for Wholesale Sales of Electric Energy, Capacity and Ancillary Services by Public Utilities

In the final rule in Docket No. RM19-2-000, the Commission modifies § 35.37(c) of its regulations regarding the horizontal market power analysis for market-based rate sellers studying certain Regional Transmission Organization (RTO) and Independent System Operator (ISO) markets. The changes adopted by the final rule relieve Sellers of the requirement to submit indicative screens for RTO/ISO markets with RTO/ISO-administered energy, ancillary services, and capacity markets subject to Commission-approved RTO/ISO monitoring and mitigation. Additionally, Sellers in RTOs or ISOs that do not have an RTO/ISO-administered capacity market will be relieved of the requirement to submit indicative screens if their market-based rate authority is limited to sales of energy and/or ancillary services. Even without the indicative screen information for the specified RTO/ISO markets, the Commission will still be able to meet its statutory responsibility to ensure public utility rates are just and reasonable. The Commission will continue to receive other information, such as information on all of a Seller’s affiliates, assets, and data on sales made pursuant to the Seller’s market-based rate authority, which will assist in ensuring that rates are just and reasonable.

The latest form for FERC-919, Refinements to Policies and Procedures for Market Based Rates for Wholesale Sales of Electric Energy, Capacity and Ancillary Services by Public Utilities expires 2022-10-31 and can be found here.

Market power analysis in new applications for market-based rates (18 CFR 35.37a)

Federal Enterprise Architecture: Energy - Energy Supply