On Thursday, December 7 – his first day at the helm of the Federal Energy Regulatory Commission (“FERC”) – newly sworn-in Chairman Kevin J. McIntyre requested a 30-day extension to further deliberate over the Department of Energy’s (“DOE”) controversial Notice of Proposed Rulemaking (“NOPR”) on Grid Reliability and Resilience Pricing. Earlier this year, DOE directed FERC to “develop and implement market rules that accurately price generation resources necessary to maintain the reliability and resiliency of our Nation's electric grid.” FERC was instructed to take final action on the NOPR within 60 days of the NOPR’s October 10, 2017, publication in the Federal Register.
Reed Smith Client Alerts
Facing a looming deadline, newly installed FERC Chairman McIntyre requested a 30-day extension to take final action on the Department of Energy’s Notice of Proposed Rulemaking on Grid Reliability and Resilience Pricing. FERC now has until January 10, 2018, to respond to the DOE NOPR, after Secretary Perry granted a 30-day extension to permit the new FERC Commissioners time to review the more than 1,500 comments filed in the proceeding.
Reed Smith Paris Masterclass Construction Series: Pricing the Project - Can effective risk management at pricing stage avoid time and cost overruns?
6 March 2019