FERC Team to Monitor Power Market
Chairman James Hoecker announced yesterday that a FERC staff
team has been formed to closely monitor developments in the
electric market in an attempt to identify and prevent price
aberrations similar to those which occurred in the Midwest last
"We can't assure you...that price spikes won't recur during this
time of transition to competitive markets especially, but we will
maintain a grasp and current understanding" of the power market to
help "identify trouble spots" before they arise, he said at
Wednesday's Commission meeting.
Towards this aim, Commission staff will "engage in a dialogue
with state regulators, with ISOs, with the NERC regions, with
marketers and utilities and transmission providers to determine
whether there are lingering problems that the public and the
industry and we need to know about," Hoecker noted.
"They will monitor such issues as generation capacity, reserve
margins, transmission constraints, pricing trends, [and] weather
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