FERC Rejects DOE Resilience Rulemaking

On January 8, the Federal Energy Regulatory Commission (FERC) voted unanimously to reject the Department of Energy’s (DOE) proposed rulemaking on grid reliability and resilience pricing. The rule would have provided cost recovery to power plants holding 90 days of on-site fuel supply. Only nuclear and select coal facilities would have qualified. Rather than create a new power market product or refine the pricing rules of existing products, the proposal departed from principles of electricity market design by subsidizing power plants with a specific characteristic. FERC’s ruling confirmed that both the goal – promoting 90 days of on-site fuel –… [more]