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Introduction

Introduction. Electric Market-Based Rate Filings Including Triennial Reviews And New Market-Based Rate Authorizations . FERC responsibility under the Federal Power Act:.

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Introduction

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  1. Introduction Electric Market-Based Rate Filings Including Triennial Reviews And New Market-Based Rate Authorizations

  2. FERC responsibility under the Federal Power Act: • To Ensure That Rates Charged By Public Utilities For Wholesale Power Are Just, Reasonable And Not Unduly Discriminatory Or Preferential

  3. Key Generation Market Power Orders • April 14 Order (SMA Rehearing Order) 107 FERC ¶ 61,018 • May 13 Order (Implementation Order) 107 FERC ¶ 61,168 • July 8 Order (April 14 Rehearing Order) 108 FERC ¶ 61,026

  4. Two Step Approach • Step One: Submit Indicative Screens • Step Two: For Utilities That Fail • Delivered Price Test • Tailored Mitigation • Default Mitigation

  5. Results To Date For Backlog • 80% Complete • 92% Estimate After 6/15/05 Agenda • 95% Estimate After 6/30/05 Agenda

  6. IOU Passes Using Non-RTO Geographic Markets • Avista Corporation • Consumers Energy Company • Idaho Power Company • Portland General Electric Company • Puget Sound Energy, Inc.

  7. Today’s Agenda • Three New MBR Authorizations Granted • Eleven Triennial Review Filings Accepted • Two Triennial Review Filing Conditionally Accepted • Five Triennial Review Filings Set For A Section 206 Proceeding

  8. Technical Conferences • Five Publicly Announced Technical Conferences (Docket No. RM04-7) • Three On Affiliate Abuse Including Competitive Procurement • Vertical Market Power/Barriers To Entry • Generation Market Power Analysis

  9. Key Affiliate Abuse Orders • Mountainview Power Company • 106 FERC ¶ 61,183 (2004) • Allegheny Energy Supply Company • 108 FERC ¶ 61,082 (2004) • Conectiv Energy • 109 FERC ¶ 61, 385 (2004) • Public Service Electric And Gas • 111 FERC ¶ 61, 152 (2005)

  10. Other Significant Orders • Reporting Requirements For Change in Status • 110 FERC ¶ 61,097 (2005) • E-84 – Order Announcing Policy On Non-Compliance With Conditions Of Market-Based Rate Authority

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