Monthly Archives: June 2012

Supreme Court Denies Review of Consumer Groups’ Challenge to FERC’s "Market-Based Rates" Scheme, Leaving Issue Unresolved

Over the past decade or so, in a series of orders, the Federal Energy Regulatory Commission (FERC) began to allow producers and traders of wholesale electric service to sell at “market-based rates.”  In doing so, FERC effectively eliminated requirements in Section 205 of  the Federal Power Act that all rates, charges and contracts — and Read more…

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Greg Sayre Confirmed as New PSC Commissioner

In the busy last week of the regular legislative session, Greg Sayre was quietly nominated by the Governor and on June 21, 2012 confirmed by the State Senate to be a Commissioner of the New York State Public Service Commission. Putting aside the continued lack of  public involvement in the streamlined selection process for New York PSC Commissioners, Read more…

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New York Formulating Plans to Use $78 Million Disgorged by Energy Trader for the Benefit of Electricity Consumers

On March, 2012, the Federal Energy Regulatory Commission (FERC) announced a $245 million settlement of its enforcement staff’s investigation of Constellation Energy Commodities Group, (CECG), for alleged manipulation of wholesale electricity markets.  CECG was an electricity trader and participant in the wholesale electricity market operated by the New York Independent System Operator (NYISO).  CECG was Read more…

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PULP Intervenes in the Central Hudson/Fortis Merger Case

Fortis, a Canadian holding company, has petitioned the Public Service Commission for approval to purchase Central Hudson Gas & Electric Company.   PULP intervened this week as a party in the Central Hudson/Fortis merger case at the NY Public Service Commission.  The petition for approval of the transaction under Section 70 of the Public Service Read more…

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