Describing what it considers "a significant number of outages of generating facilities" along with disruptions in natural gas deliveries during the recent extreme cold weather across Texas and the Southwest, on February 14, the Federal Energy Regulatory Commission (FERC or Commission) directed the creation of a staff task force to conduct a broad inquiry into those events. Unlike the FERC-led investigation following the 2008 Florida Blackout, this investigation is not, at this time, intended to discover whether any regulations, requirements, or standards were violated. Instead, the investigation is intended to identify (1) the causes of the outages and disruptions and (2) the actions FERC might undertake to prevent a recurrence of these issues.
On January 20, the Federal Energy Regulatory Commission (FERC) denied a request for rehearing of FERC’s April 15, 2010 order in Docket No. RM04-7-007, which had responded to a request for clarification regarding the categories of employees that may not be permissibly shared under FERC’s Affiliate Restrictions (Clarification Order). To the extent that FERC had stayed the requirement to comply with the Clarification Order, sellers will be required to comply with the Clarification Order within 90 days of the issuance of the January 20, 2011 order—that is, By April 20, 2011. FERC also terminated a rulemaking proceeding that would have codified in the regulations the findings in the Clarification Order.
On January 20, 2011, the Federal Energy Regulatory Commission (FERC) issued Order No. 710-B, revising the financial forms, statements, and reports for natural gas companies contained in FERC Form Nos. 2, 2-A, and 3-Q to include functionalized fuel data (on pages 521a through 521c of those forms) and the amount of fuel waived, discounted, or reduced as part of a negotiated rate agreement.
On February 8, 2011, the Federal Energy Regulatory Commission (FERC) will hold a Reliability Technical Conference addressing issues related to prioritizing reliability risks confronting the Bulk Power System and prioritizing the Reliability Standards related to such risks.