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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)
As such, international reciprocity is commonplace, and rules or recommendations introduced by FERC often are voluntarily accepted by NERC members outside of FERC's jurisdiction. Therefore, one Canadian Province is a member of a U.S.-based RTO, while two others function as an Electric System Operator (ESO), an organization essentially equal to a ...
FERC also reviews proposals to build interstate natural gas pipelines, natural gas storage projects, and liquefied natural gas (LNG) terminals, in addition to licensing non-federal hydropower projects. FERC was created by the U.S. Congress in 1977 in the aftermath of the 1973 oil crisis.
A notice of proposed rulemaking (NPRM) is a public notice that is issued by law when a U.S. federal agency wishes to add, remove, or change a rule or regulation as part of the rulemaking process. The notice is an important part of US administrative law, which facilitates government by typically creating a process of taking of public comment.
From 1996 to 1999, the FERC made a series of decisions which resulted in the restructuring of the U.S. electric utility industry. The FERC's intention in doing so was to open the wholesale power market to new players, with the hope that spurring competition would save consumers $4 to $5 billion per year and encourage technical innovation in the industry.
The earliest NERC Tag application was based on a Microsoft Excel spreadsheet, and was introduced in 1997.The form was usually completed by the power marketers or schedulers, by defining the date and time of the transaction, the physical path of the energy schedule from its point of generation to point of consumption, the financial path (buying/selling chain) of the energy schedule, the hourly ...
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According to the DOE, the NIETC permit process should not disrupt the existing activities of state authorities, and FERC will investigate allegations that an applicant has acted in bad faith in state proceedings. When a specific route is chosen for a project, FERC will conduct an environmental impact statement (EIS) prior to groundbreaking. The ...