FERC's Energy Filing Frenzy: Just More Power Paperwork
Published Date: 2/27/2025
Notice
Summary
The Federal Energy Regulatory Commission got several new filings from energy companies about power projects, rate changes, and company updates. These changes could affect electricity prices and how power is managed, with some new rules kicking in as soon as April 1, 2025. If you’re involved in energy or just curious, keep an eye out—comments are due by mid-March!
Analyzed Economic Effects
4 provisions identified: 0 benefits, 0 costs, 4 mixed.
Multiple Utility Rate/Tariff Filings
Several utilities filed tariff or rate changes with specific effective dates in early 2025. Examples include Indianapolis Power & Light Company transitioning to a forward-looking formula rate effective 2025-04-01, Northern Indiana Public Service Company filings effective 2025-02-21, Duke Energy Florida Rate Schedule No. 88 effective 2025-05-01, and a market-based rate tariff cancellation for Grand Ridge Energy V LLC effective 2025-03-31. Public comments are due by 5:00 p.m. ET on either 2025-03-13 or 2025-03-14 depending on the filing.
PJM Price Cap and Floor Revision
PJM Interconnection filed a rate change to revise the price cap and price floor for the 2026/27 and 2027/28 delivery years to be effective 2025-03-31. The filing was submitted on 2025-02-20 and carries a comment deadline of 5:00 p.m. ET on 2025-03-13.
New Generator Certifications and Market Rate Filings
Several companies submitted notices related to new generators and market-based rate authority in February 2025. Filings include self-certification of Exempt Wholesale Generator status by Sequoia Renewables LLC (filed 2025-02-20) and Luna Valley Storage LLC and Luna Valley Solar I, LLC (filed 2025-02-20), plus an initial market-based rate application for Luna Valley Solar I, LLC with an effective date of 2025-04-22. Comment deadlines for these filings are 5:00 p.m. ET on 2025-03-13.
Markets+ Phase 2 Funding Agreement Filing
Southwest Power Pool, Inc. filed a Sec. 205(d) rate filing for a Markets+ Phase 2 Funding Agreement to be effective 2025-03-24. The filing was made on 2025-02-21 and has a comment deadline of 5:00 p.m. ET on 2025-03-14.
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