Washington Energy Report - October 19

FERC Establishes Default Interpretations of Recall Rights In Capacity Release Contracts Spanning April 1, 2016 and Filing Deadlines for Seeking FERC's Resolution of Disagreements over such Rights

On October 15, 2015, in response to requests for clarification from several parties, FERC established default interpretations for capacity release transactions that specify that a releasing shipper may recall capacity at the first only, second only, or both existing intraday nominations, with such default interpretations to be applicable April 1, 2016 and thereafter when there will be three, rather than two, intraday nominations.  FERC also set filing deadlines of November 13, 2015 and December 14, 2015 for releasing and replacement shippers who disagree with the applicable default interpretation and do not agree on an alternative. [Read more →]