In a recent Notice of Proposed Rulemaking (NOPR) the Federal Energy Regulatory Commission (FERC) proposes new data collection and filing requirements for market-based rate sellers (MBR) and entities trading virtual products or holding financial transmission rights (Virtual/FTR Participants).  The new requirements purport to improve the Commission’s surveillance of wholesale power markets through disclosure of financial and legal connections among market participants and other entities in Commission-jurisdictional electric markets.  According to FERC, the requirements will facilitate both the sharing of data across different information systems and reporting into FERC’s eLibrary system.
Continue Reading FERC Proposes New Requirements for Market Based Rate Sellers