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Order 888's primary objective was to establish and promote competition in the generation market, by ensuring fair access and market treatment of transmission customers. FERC outlined six points to accomplish this goal: Require all jurisdictional utilities (within the United States) to file an open-access transmission tariff (OATT)
FERC was created by the U.S. Congress in 1977 in the aftermath of the 1973 oil crisis. FERC is an independent agency, despite being part of the U.S. Department of Energy. It is headed by five commissioners who are nominated by the U.S. president and confirmed by the U.S. Senate. There may be no more than three commissioners of one political ...
In a November regulatory filing, the company stated that government regulatory reform connected to tariffs, which would affect global markets such as China, may raise costs.
ISOs act as a marketplace operator in wholesale power, resulting from FERC order No. 888. Most are set up as nonprofit corporations using governance models approved by FERC and/or regional or local commissions. There are regions of the United States where ISOs do not exist. Consequently, the utilities do not engage in wholesale power markets.
ISO New England, which covers six states from Maine to Connecticut, told FERC that 10% tariffs on power would add $66 million in annual customer costs.
PHOTO: President Donald Trump, joined by Secretary of Commerce Howard Lutnick, delivers remarks after signing an executive order on reciprocal tariffs in the Oval Office at the White House, Feb ...
Entergy, a multistate holding company, allocated the costs of its electric generating capacity, including capacity held in extended reserve shutdown, among its five public utilities that it owned pursuant to a tariff schedule MSS-1 approved by the Federal Energy Regulatory Commission (FERC). The tariff delegated discretion to Entergy to ...
WASHINGTON (Reuters) -U.S. business activity nearly stalled in February amid mounting fears over tariffs on imports and deep cuts in federal government spending, erasing all the gains notched in ...