A total of 90 companies last week had their market-based rate authority yanked by federal regulators after the firms failed to file required electric quarterly reports at FERC.

FERC in June issued an order stating its intent to withdraw market-based rate authority from 96 public utilities that had not filed electric quarterly reports. The Commission gave the utilities 30 days to file their overdue electric quarterly reports or face cancellation of their market-based rate tariffs.

In Order 2001, the Commission required public utilities, including power marketers, to file, among other things, electric quarterly reports summarizing the contractual terms and conditions in their agreements for all jurisdictional services (including market-based power sales, cost-based power sales, and transmission service) and transaction information (including rates) for short-term and long-term market-based power sales and cost-based power sales during the most recent calendar quarter.

FERC last week said that six of the 96 companies identified in the June order made the required filings, but the remaining 90 firms had not filed electric quarterly reports. “Commission staff made a concerted effort to contact each of these companies. Contact was attempted in writing, by e-mail and by telephone to remind them of their regulatory obligation,” FERC said.

The Commission therefore withdrew the market-based rate authority and terminated the electric market-based rate tariff for each of the 90 companies.

For a complete listing of the 90 affected entities, go to FERC’s website (www.ferc.gov) and using the Commission’s “eLibrary” (under “Documents and Filing” tab), enter docket number ER02-2001 in the “Advanced Search” option.

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