Archive: January 5, 2016

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Bill Holmes to Present at Renewable Energy Law 2016 in Texas
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FERC Finds ISO New England’s Formula Rates and Accompanying Tariff Provisions to be Unjust and Unreasonable

Bill Holmes to Present at Renewable Energy Law 2016 in Texas

K&L Gates partner Bill Holmes will present at the Renewable Energy Law 2016 CLE conference on February 9-10, 2016 in Austin, Texas, hosted by the University of Texas School of Law and the Oil, Gas and Energy Resources Law Section of the State Bar of Texas.

Mr. Holmes will co-moderate the session “Trends in Buying and Selling Renewable Energy: Commercial, Industrial and Wholesale Transactions,” in which he and other presenters will discuss the role of long-term PPAs and hedges in the procurement of renewables by utilities as well as commercial and industrial demand for renewable energy from offsite and on-site sources.

For more information, visit the Renewable Energy Law 2016 website.

FERC Finds ISO New England’s Formula Rates and Accompanying Tariff Provisions to be Unjust and Unreasonable

On December 28, 2015, the Federal Energy Regulatory Commission (“FERC”) issued an order pursuant to Section 206 of the Federal Power Act (“FPA”)[1] finding that the ISO New England Inc.’s Transmission, Markets and Service Tariff (“Tariff”) is unjust, unreasonable, and unduly discriminatory or preferential.  FERC’s determination was based on a finding that the Tariff lacks formula rate protocols and, by extension, lacks adequate transparency and challenge procedures with regard to the formula rates used by the ISO New England Participating Transmission Owners (“PTOs”).[2]  FERC also found that the formula rates themselves may be unjust and unreasonable or otherwise unlawful because the formula rates appear to lack sufficient detail to accurately determine how certain costs are derived and recovered.

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