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FERC Team to Monitor Power Market

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 summer.

"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 conditions obviously."

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