On February 17, in Docket No. RM11-9-000, the Federal Energy Regulatory Commission (FERC) issued a Notice of Inquiry (NOI) seeking information on locational exchanges of electric power and comments on whether and under what circumstances such exchanges should be permitted. The NOI arose out of a petition for declaratory order filed in Docket No. EL10-71-000, in which Puget Sound Energy, Inc. (PSE) sought a finding that locational exchanges do not have to be conducted under an Open Access Transmission Tariff (OATT). With respect to PSE’s petition, FERC also issued an order on February 17 deferring action on the petition pending the outcome of the NOI.