82 FR 24966 - State Policies and Wholesale Markets Operated by ISO New England Inc., New York Independent System Operator, Inc., and PJM Interconnection, L.L.C.; Notice Inviting Post-Technical Conference Comments
DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission Federal Register Volume 82, Issue 103 (May 31, 2017)
Federal Energy Regulatory Commission
Federal Register Volume 82, Issue 103 (May 31, 2017)
| Page Range | 24966-24967 | |
| FR Document | 2017-11199 |
[Federal Register Volume 82, Number 103 (Wednesday, May 31, 2017)] [Notices] [Pages 24966-24967] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-11199] ----------------------------------------------------------------------- DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. AD17-11-000] State Policies and Wholesale Markets Operated by ISO New England Inc., New York Independent System Operator, Inc., and PJM Interconnection, L.L.C.; Notice Inviting Post-Technical Conference Comments On May 1 and May 2, 2017, Federal Energy Regulatory Commission (Commission) staff convened a technical conference to discuss the interplay between state policy goals and the wholesale markets \1\ operated by ISO New England Inc., New York Independent System Operator, Inc., and PJM Interconnection, L.L.C. (Eastern RTOs/ISOs). --------------------------------------------------------------------------- \1\ Unless otherwise indicated, all references herein to wholesale markets refer to the capacity, energy, and ancillary services markets. --------------------------------------------------------------------------- All interested persons are invited to file initial and reply post- technical conference comments on the topics discussed during the technical [[Page 24967]] conference, including the questions listed in the Supplemental Notice issued in this proceeding on April 28, 2017. In order to provide structure to the technical conference discussion, staff identified the following potential paths forward with respect to the interplay between state policy goals and the wholesale markets:Path 1--Limited or No Minimum Offer Price Rule: An approach that would either not apply the minimum offer price rule to state-supported resources, or limit application of the minimum offer price rule to only state-supported resources where federal law preempts the state action providing that support. Path 2--Accommodation of State Actions: An approach that would accommodate state policies that provide out-of-market support with the operation of the wholesale markets by allowing state-supported resources to participate in those markets and, when relevant, obtain capacity supply obligations, subject to adjustments necessary to maintain certain wholesale market prices consistent with the market results that would have been produced had those resources not been state-supported. Path 3--Status Quo: An approach that would rely on existing tariff provisions applying the minimum offer price rule to some state-supported resources, and continuing case-by-case litigation over the specific line to be drawn between categories of state actions that may, or may not, result in a state-supported resource being subject to the minimum offer price rule. Path 4--Pricing State Policy Choices: An approach in which state policies, to the extent possible, would value the attributes (e.g., resilience) or externalities (e.g., carbon emissions) that states are targeting in a manner that can be readily integrated into the wholesale markets in a resource-neutral way. For those state policies that cannot be readily valued and integrated into the wholesale markets, Path 4 would also require consideration of what, if anything, the Commission should do to address the market impacts of these state policies. For instance, other approaches for these state policies may include accommodation, application of the minimum offer price rule, or an exemption from the minimum offer price rule. Path 5--Expanded Minimum Offer Price Rule: An approach that would minimize the impact of state-supported resources on wholesale market prices by expanding the existing scope of the minimum offer price rule to apply to both new and existing capacity resources that participate in the capacity market and receive state support. Commenters are invited to address these paths, to describe alternative potential paths forward in the wholesale markets, or to describe individual solutions. Commenters are encouraged to discuss the following with regard to any approach: (1) Any centralized wholesale market changes (at a conceptual level) that would need to accompany implementation of a particular approach; (2) the feasibility of implementation; (3) the implications for market participants' ability to make long-term decisions; and (4) the near-term and long-term sustainability. In addition, Commission staff is interested in comments on the following topics: 1. The principles and objectives that should guide the selection of a path forward, as well as the principles and objectives that should guide rule changes that would be required by their suggested approach. 2. The degree of urgency for reconciling wholesale markets and state policies and if that urgency necessitates both a near-term (e.g., next one to three years) approach and a different long-term approach. To the extent commenters advocate for different near-term and long-term solutions, please explain what type of transition is needed and why, and how the suggested near-term approach will facilitate achievement of the suggested long-term approach. 3. Long-term expectations regarding the relative roles of wholesale energy and capacity markets and state policies in the Eastern RTOs/ISOs in shaping the quantity and composition of resources needed to cost- effectively meet future reliability and operational needs. 4. What procedural steps the Commission should take, if any, to reconcile the competitive market framework with the increasing interest by states to support particular resources and resource attributes that might facilitate such reconciliation. Commenters may reference material previously filed in this docket, including the technical conference transcript, but are encouraged to avoid repetition or replication of previous material. Initial and reply comments must be submitted on or before 30 days and 45 days, respectively, from the date of this notice. Initial comments should not exceed 15 pages and reply comments should not exceed 10 pages. For further information please contact individuals identified for each topic: Technical Information: Amr Ibrahim, Office of Energy Policy and Innovation, Federal Energy Regulatory Commission, 888 First Street NE., Washington, DC 20426, (202) 502-6746, [email protected]. Legal Information: Gretchen Kershaw, Office of the General Counsel, Federal Energy Regulatory Commission, 888 First Street NE., Washington, DC 20426, (202) 502-8213, [email protected]. Dated: May 23, 2017. Kimberly D. Bose, Secretary. [FR Doc. 2017-11199 Filed 5-30-17; 8:45 am] BILLING CODE 6717-01-P
![24966 Federal Register / Vol. 82, No. 103 / Wednesday, May 31, 2017 / Notices
DEPARTMENT OF ENERGY at: (866) 208–3676 (toll-free), or (202) Reliability Standard COM–001–3 and
502–8659 for TTY. the retirement of the currently-effective
Federal Energy Regulatory Docket: Users interested in receiving Reliability Standard COM–001–2.1, the
Commission automatic notification of activity in this Commission estimates that there will be
docket or in viewing/downloading no material change in industry
[Docket No. RD16–9–000]
comments and issuances in this docket information collection obligations
Commission Information Collection may do so at http://www.ferc.gov/docs- because the Requirements R12 and R13
Activities (FERC–725v); Comment filing/docs-filing.asp. (which are additions to COM–001–3) do
Request; Revision FOR FURTHER INFORMATION: Ellen Brown not impact the paperwork burden of
may be reached by email at impacted registered entities.
AGENCY: Federal Energy Regulatory DataClearance@FERC.gov, telephone at Comments: Comments are invited on:
Commission. (202) 502–8663, and fax at (202) 273– (1) Whether the collection of
ACTION: Notice of revised information 0873. information is necessary for the proper
collection and request for comments. performance of the functions of the
SUPPLEMENTARY INFORMATION: Commission, including whether the
SUMMARY: The Federal Energy Title: FERC–725V, Mandatory information will have practical utility;
Regulatory Commission (Commission or Reliability Standards: COM Reliability (2) the accuracy of the agency’s estimate
FERC) on December 1, 2016 issued a 60- Standards. of the burden and cost of the collection
OMB Control No.: 1902–0277.
day Notice in the Federal Register of information, including the validity of
Type of Request: Extension of the
requesting public comments on FERC– the methodology and assumptions used;
FERC–725V information collection
725V (Mandatory Reliability Standards: (3) ways to enhance the quality, utility
requirements.
COM Reliability Standards) which will and clarity of the information collection;
Abstract: On August 15, 2016, the
be submitted to the Office of and (4) ways to minimize the burden of
North American Electric Reliability
Management and Budget (OMB) for a the collection of information on those
Corporation (NERC) filed a petition for
review of the information collection who are to respond, including the use
Commission approval, pursuant to
requirements. The Commission received of automated collection techniques or
section 215(d)(1) of the Federal Power
no comments on the FERC–725V and is other forms of information technology.
Act (‘‘FPA’’) 1 and Section 39.5 2 of the
making this notation in its submittal to Federal Energy Regulatory Dated: May 24, 2017 .
OMB. Commission’s regulations, for approval Kimberly D. Bose,
In compliance with the requirements of proposed Reliability Standard COM– Secretary.
of the Paperwork Reduction Act of 1995, 001–3 (Communications), the associated [FR Doc. 2017–11198 Filed 5–30–17; 8:45 am]
the Commission is submitting the Implementation Plan, retirement of BILLING CODE 6717–01–P
FERC–725V to the Office of currently-effective Reliability Standard
Management and Budget (OMB) for COM–001–2.1, and Violation Risk
review of the information collection Factors (‘‘VRFs’’) and Violation Severity DEPARTMENT OF ENERGY
requirements. Any interested person Levels (‘‘VSLs’’) associated with new
may file comments directly with OMB Requirements R12 and R13 proposed in Federal Energy Regulatory
and should address a copy of those Reliability Standard COM–001–3. Commission
comments to the Commission as Proposed Reliability Standard COM– [Docket No. AD17–11–000]
explained below. 001–3 reflects revisions developed
DATES: Comments on the FERC–725V under Project 2015–07 Internal State Policies and Wholesale Markets
are due by June 30, 2017. Communications Capabilities, in Operated by ISO New England Inc.,
ADDRESSES: Comments filed with OMB, compliance with the Commission’s New York Independent System
identified by the OMB Control No. directive in Order No. 888 that NERC Operator, Inc., and PJM
1902–0277 (FERC–725V), should be sent ‘‘develop modifications to COM–001–2, Interconnection, L.L.C.; Notice Inviting
via email to the Office of Information or develop a new standard, to address Post-Technical Conference Comments
and Regulatory Affairs at: oira_ [the Commission’s] concerns regarding
On May 1 and May 2, 2017, Federal
submission@omb.gov, Attention: ensuring the adequacy of internal
Energy Regulatory Commission
Federal Energy Regulatory Commission communications capability whenever
(Commission) staff convened a technical
Desk Officer. internal communications could directly
conference to discuss the interplay
A copy of the comments should also affect the reliability operations of the
between state policy goals and the
be sent to the Commission, in Docket Bulk-Power System.
wholesale markets 1 operated by ISO
No. RD16–9–000, by either of the On October 28, 2016, NERC’s
New England Inc., New York
following methods: uncontested petition was approved
Independent System Operator, Inc., and
• eFiling at Commission’s Web site: pursuant to the relevant authority
PJM Interconnection, L.L.C. (Eastern
http://www.ferc.gov/docs-filing/ delegated to the Director, Office of
RTOs/ISOs).
efiling.asp Electric Reliability under 18 CFR All interested persons are invited to
• Mail/Hand Delivery/Courier: 375.303(2016), effective as of July 1, file initial and reply post-technical
Federal Energy Regulatory Commission, 2016.3 conference comments on the topics
Secretary of the Commission, 888 First Type of Respondents: Public utilities.
discussed during the technical
Street NE., Washington, DC 20426. Estimate of Annual Burden 4: With
nlaroche on DSK30NT082PROD with NOTICES
Instructions: All submissions must be respect to the proposed revisions to
generate, maintain, retain, or disclose or provide
formatted and filed in accordance with information to or for a Federal agency. For further
1 16 U.S.C. 824o (2012).
submission guidelines at: http:// 2 18 CFR 39.5 (2011).
explanation of what is included in the information
www.ferc.gov/help/submission- collection burden, refer to 5 Code of Federal
3 https://elibrary-backup.ferc.gov/IDMWS/ Regulations 1320.3.
guide.asp. For user assistance contact common/opennat.asp?fileID=14386228 1 Unless otherwise indicated, all references herein
FERC Online Support by email at 4 Burden is defined as the total time, effort, or to wholesale markets refer to the capacity, energy,
ferconlinesupport@ferc.gov, or by phone financial resources expended by persons to and ancillary services markets.
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![Federal Register / Vol. 82, No. 103 / Wednesday, May 31, 2017 / Notices 24967
conference, including the questions both new and existing capacity Federal Energy Regulatory Commission,
listed in the Supplemental Notice resources that participate in the capacity 888 First Street NE., Washington, DC
issued in this proceeding on April 28, market and receive state support. 20426, (202) 502–6746, amr.ibrahim@
2017. Commenters are invited to address ferc.gov.
In order to provide structure to the these paths, to describe alternative Legal Information: Gretchen Kershaw,
technical conference discussion, staff potential paths forward in the wholesale Office of the General Counsel, Federal
identified the following potential paths markets, or to describe individual Energy Regulatory Commission, 888
forward with respect to the interplay solutions. Commenters are encouraged First Street NE., Washington, DC 20426,
between state policy goals and the to discuss the following with regard to (202) 502–8213, gretchen.kershaw@
wholesale markets: any approach: (1) Any centralized ferc.gov.
• Path 1—Limited or No Minimum wholesale market changes (at a
Dated: May 23, 2017.
Offer Price Rule: An approach that conceptual level) that would need to
would either not apply the minimum Kimberly D. Bose,
accompany implementation of a
offer price rule to state-supported particular approach; (2) the feasibility of Secretary.
resources, or limit application of the implementation; (3) the implications for [FR Doc. 2017–11199 Filed 5–30–17; 8:45 am]
minimum offer price rule to only state- market participants’ ability to make BILLING CODE 6717–01–P
supported resources where federal law long-term decisions; and (4) the near-
preempts the state action providing that term and long-term sustainability.
support. In addition, Commission staff is EXPORT-IMPORT BANK OF THE
• Path 2—Accommodation of State interested in comments on the following UNITED STATES
Actions: An approach that would topics:
accommodate state policies that provide 1. The principles and objectives that [Public Notice: 2017–6002]
out-of-market support with the should guide the selection of a path
operation of the wholesale markets by forward, as well as the principles and Agency Information Collection
allowing state-supported resources to objectives that should guide rule Activities: Comment Request
participate in those markets and, when changes that would be required by their
relevant, obtain capacity supply suggested approach. AGENCY: Export-Import Bank of the
obligations, subject to adjustments 2. The degree of urgency for United States.
necessary to maintain certain wholesale reconciling wholesale markets and state ACTION: Submission for OMB review and
market prices consistent with the policies and if that urgency necessitates comments request.
market results that would have been both a near-term (e.g., next one to three
produced had those resources not been years) approach and a different long- SUMMARY: The Export-Import Bank of
state-supported. term approach. To the extent the United States (Ex-Im Bank), as part
• Path 3—Status Quo: An approach commenters advocate for different near- of its continuing effort to reduce
that would rely on existing tariff term and long-term solutions, please paperwork and respondent burden,
provisions applying the minimum offer explain what type of transition is invites the general public and other
price rule to some state-supported needed and why, and how the suggested Federal Agencies to comment on the
resources, and continuing case-by-case near-term approach will facilitate proposed information collection, as
litigation over the specific line to be achievement of the suggested long-term required by the Paperwork Reduction
drawn between categories of state approach. Act of 1995.
actions that may, or may not, result in 3. Long-term expectations regarding By neutralizing the effect of export
a state-supported resource being subject the relative roles of wholesale energy credit support offered by foreign
to the minimum offer price rule. and capacity markets and state policies governments and by absorbing credit
• Path 4—Pricing State Policy in the Eastern RTOs/ISOs in shaping the risks that the private sector will not
Choices: An approach in which state quantity and composition of resources accept, Ex-Im Bank enables U.S.
policies, to the extent possible, would needed to cost-effectively meet future exporters to compete fairly in foreign
value the attributes (e.g., resilience) or reliability and operational needs. markets on the basis of price and
externalities (e.g., carbon emissions) 4. What procedural steps the product. Under the Working Capital
that states are targeting in a manner that Commission should take, if any, to Guarantee Program, Ex-Im Bank
can be readily integrated into the reconcile the competitive market provides repayment guarantees to
wholesale markets in a resource-neutral framework with the increasing interest lenders on secured, short-term working
way. For those state policies that cannot by states to support particular resources capital loans made to qualified
be readily valued and integrated into the and resource attributes that might exporters. The guarantee may be
wholesale markets, Path 4 would also facilitate such reconciliation. approved for a single loan or a revolving
require consideration of what, if Commenters may reference material line of credit. In the event that a
anything, the Commission should do to previously filed in this docket, borrower defaults on a transaction
address the market impacts of these including the technical conference guaranteed by Ex-Im Bank the
state policies. For instance, other transcript, but are encouraged to avoid guaranteed lender may seek payment by
approaches for these state policies may repetition or replication of previous the submission of a claim.
include accommodation, application of material. Initial and reply comments This collection of information is
the minimum offer price rule, or an must be submitted on or before 30 days necessary to determine if such claim
exemption from the minimum offer and 45 days, respectively, from the date complies with the terms and conditions
nlaroche on DSK30NT082PROD with NOTICES
price rule. of this notice. Initial comments should of the relevant working capital
• Path 5—Expanded Minimum Offer not exceed 15 pages and reply guarantee. The Notice of Claim and
Price Rule: An approach that would comments should not exceed 10 pages. Proof of Loss, Working Capital
minimize the impact of state-supported For further information please contact Guarantee is used to determine
resources on wholesale market prices by individuals identified for each topic: compliance with the terms of the
expanding the existing scope of the Technical Information: Amr Ibrahim, guarantee and the appropriateness of
minimum offer price rule to apply to Office of Energy Policy and Innovation, paying a claim. Export-Import Bank
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Document Created: 2017-05-31 05:59:45
Document Modified: 2017-05-31 05:59:45
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | An approach that would accommodate state policies that provide out-of-market support with the operation of the wholesale markets by allowing state-supported resources to participate in those markets and, when relevant, obtain capacity supply obligations, subject to adjustments necessary to maintain certain wholesale market prices consistent with the market results that would have been produced had those resources not been state-supported. | |
| FR Citation | 82 FR 24966 |
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