In June 2009, FERC issued Order No. 697-C, an order on rehearing of its orders issuing regulations applicable to public utilities authorized to sell electric capacity, energy, and ancillary services at market-based rates.
Order No. 697-C imposes significant new reporting requirements on public utilities with market-based rate authority. Our Energy Practice presented a webcast on this topic and provided a detailed overview of Order No. 697-C’s reporting requirements.
- Quarterly reporting of generating capacity site acquisition, to begin October 30, 2009
- Annual reporting of land acquisition for generation development, to begin January 1, 2010
- Other reporting requirements