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The following is a contributed article by Steven Schleimer, senior vice president of government and regulatory affairs at Calpine Corporation.
In his dissent to a Nov. 19, 2020, Federal Energy Regulatory Commission Order on Rehearing related to ISO New England s Competitive Auctions with Sponsored Policy Resources (CASPR) construct (Docket ER18-619-001), Chairman Richard Glick questions the need for a Minimum Offer Price Rule (MOPR) and whether the concept of investor confidence  should be a lodestar  that matters in FERC s decision-making. Regardless of how the debate on any particular market mechanism plays out, it is of course true that investors countenance investments based on the expectation that they can recover their capital (including an adequate return). The key market design question is whether investors or ratepayers should bear the risk that the investment choices were sound. ....

United States , Richard Glick , Steven Schleimer , Calpine Corporation , Energy Regulatory Commission Order On Rehearing , Federal Energy Regulatory Commission Order , Competitive Auctions , Sponsored Policy Resources , Chairman Richard Glick , Minimum Offer Price Rule , New England , ஒன்றுபட்டது மாநிலங்களில் , ரிச்சர்ட் க்ளிக் , கல்பைன் நிறுவனம் , கூட்டாட்சியின் ஆற்றல் ஒழுங்குமுறை தரகு ஆர்டர் , போட்டி ஏலம் , ஆதரவளிக்கப்பட்ட பாலிஸீ வளங்கள் , தலைவர் ரிச்சர்ட் க்ளிக் , குறைந்தபட்சம் சலுகை ப்ரைஸ் ஆட்சி , புதியது இங்கிலாந்து ,