Author name: Michael Giberson

Did the Court’s Billion Dollar Result Rely on Invented Analysis by Commission Staff?

Michael Giberson A letter sent to FERC commissioners by a couple of high-paid economic consultants starts innocently enough: In light of two recent decisions of the United States Court of Appeals for the Ninth Circuit, we write to identify concerns regarding the analysis presented in the Federal Energy Regulatory Commission (“FERC” or the “Commission”) Staff’s …

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FERC Chairman: State Lawmakers to Blame for Retail Competition Failures

Michael Giberson FERC Chairman Joseph Kelliher reached out to state policy makers in an effort to pass the blame for any failures of competitive retail power markets. As reported by Platts Electric Power Daily, in remarks to the American Bar Association Kelliher said some states have incorrectly blamed what they call lack of competition in …

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Pjm Market Monitor Reports Interference from Management

Michael Giberson PJM announced publicly earlier this week that it intended to reorganize its market monitoring function, and was leaning toward securing an external market monitor to replace its long standing internal market monitoring unit. PJM has been unique among U.S. regional power markets in lacking an external monitor or any official outside market adviser. …

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Market Share Math

Michael Giberson So just as Lynne urges you to follow the prodigious output of theWSJ’s Energy Roundup blog, they reveal that they, too, are human by rushing out some less-than-carefully worked out language about market shares among traders in the over-the-counter energy derivatives markets: According to a recent survey by research firm Greenwich Associates, Goldman …

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Agenda Released for Ferc Conference on Market Monitoring

Michael Giberson Twenty-three panelists are on the agenda of Thursday’s technical conference on power market monitoring, including market monitors from the RTOs/ISOs, RTO/ISO senior management, outside specialists/critics, state regulators and market participants. Overall looks like a good crowd of folks, but it is a rather large crowd to get through in just five hours of …

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