FERC Finalizes New Wholesale Electric Market Rules

Law360, New York (October 17, 2008, 12:00 AM EDT) -- The U.S. Federal Energy Regulatory Commission has finalized rules aimed at improving competition in wholesale electricity markets by encouraging long-term power contracts, boosting the role of market monitors and enhancing grid operators' responsiveness.

“Competition is national policy, and it is FERC's duty to foster competition and adopt those policies that will improve the operation of wholesale power markets and benefit consumers,” FERC Chairman Joseph T. Kelliher said.

Under the new regulations, regional transmission organizations and independent system operators would be required to create a section on...
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