FERC Examines RTO And ISO Rulemakings (With Delta Strategy Group Summary)

The Federal Energy Regulatory Commission ("FERC") reviewed proposed rules that apply to regional transmission organizations ("RTOs") and independent system operators ("ISOs").

Delta Strategy Group prepared a summary of the open hearing. Highlights include:

• FERC voted unanimously to approve a notice of proposed rulemaking ("NOPR") that, among other things, requires tariff revisions for RTOs and ISOs to establish participation models and define distributed energy resource aggregators. FERC Chair Norman Bay said that the NOPR is an important and timely initiative, and that FERC continues to work toward removing barriers in electric markets.
• FERC voted unanimously to approve a final rule requiring market operators to cap each resource's incremental energy offer at the higher of $1,000 per megawatt-hour, or the resource's verified cost-based incremental energy offer, and to cap the verified cost-based incremental energy offers used to calculate locational