Energy Auction Rate Deal Was Fair, FERC Tells DC Circ.

Law360, New York (July 17, 2012, 10:07 PM EDT) -- The Federal Energy Regulatory Commission defended its decision to reform New England's electricity capacity market before the D.C. Circuit on Monday, saying the auction method it approved would ultimately produce just and reasonable rates.

The FERC filed a brief with the appeals court in a case challenging both its current refusal to apply the so-called Mobile-Sierra public interest doctrine to contract rate challenges in New England's forward-capacity energy auction market and its authority to nevertheless apply the doctrine to future challenges if it chooses, saying it...
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