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On Thursday, March 21, 2024, the Federal Energy Regulatory Commission ("Commission" or "FERC") issued its much-anticipated Order on Rehearing and Clarification on Order No. 2023 ("Order No. 2023-A").
In what FERC Chairman Willie Phillips referred to as "a watershed moment for our nation's transmission grid," the new rule includes several areas of reform.
On June 16, 2022, the Federal Energy Regulatory Commission (“FERC” or “the Commission”) issued a Notice of Proposed Rulemaking (“NOPR”), announcing proposed reforms to its pro forma...