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Article: FERC Finds That Market Design, Not Manipulation, Contributed To Loop Flows.(Federal Energy Regulatory Commission)(New York Independent System Operator)
- Article from:
- Mondaq Business Briefing
- Article date:
- July 31, 2009
- Author:
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FERC has determined that certain market participants were not to blame for unintended electricity flows around Lake Erie.
Concluding a yearlong, nonpublic investigation in response to requests from the New York Independent System Operator (NYISO) Market Monitoring and Performance Department, that arose amid significant political outcry, the Federal Energy Regulatory Commission (FERC) adopted and released the findings of the Office of Enforcement (OE) Staff Report (OE Report), which determined that certain market participants were not to blame for unintended physical electricity flows around Lake Erie (loop flows) from January to July 22, 2008, alleged to have ...