Electricity Markets: A Regional Perspective
On May 21, 2026, FERC denied a complaint filed by Gaston Green Acres Solar, LLC (Gaston) and Bethel NC Hwy 11 Solar, LLC (Bethel) (collectively, with Gaston, Complainants) against PJM Interconnection, L.L.C. (PJM) arguing:...more
On April 15, 2026, the Federal Energy Regulatory Commission (“FERC”) imposed a $722 million civil penalty against American Efficient, LLC (“American Efficient”) and its affiliates in one of the largest enforcement actions in...more
Key Takeaways - A recent white paper from PJM seeks to reframe the region’s resource adequacy debate around risk allocation, reliability, market design, and the shared reliability compact, but its deliberative approach...more
Summaries of the agenda items for the Federal Energy Regulatory Commission’s monthly open meeting to be held on May 21, 2026, pursuant to the sunshine notice released on May 14, 2026. Electric - E-1 – Gaston Green Acres...more
On April 28, 2026, FERC accepted PJM Interconnection, L.L.C.’s (PJM) Open Access Transmission Tariff (Tariff) revisions to establish a price cap and floor for all Reliability Pricing Model (RPM) auctions for the 2028/2029 and...more
Texas has become a focal point for large-load growth, driven in meaningful part by hyperscale data centers, artificial intelligence infrastructure, and other electricity-intensive digital infrastructure projects. That growth...more
Nearly five years after opening its investigation, the Federal Energy Regulatory Commission (“FERC” or “Commission”) unanimously issued an emphatic order on April 15, 2026. The order requires six affiliated companies that...more
After decades of relatively static consumption, U.S. electricity demand is sharply rising. The scale of this demand is hard to overstate: In Texas, the Electric Reliability Council of Texas (“ERCOT”) estimated in 2025 that...more
On April 9, 2026, the California Independent System Operator (CAISO) hosted a meeting on Tribal engagement in long-term transmission planning. The purpose of the meeting was to share information about transmission planning...more
On April 16, 2026, FERC issued a civil penalty assessment order, directing American Efficient and affiliated companies (together, American Efficient or Company) to pay $1.1 billion in disgorgement and civil penalties for what...more
On April 16, 2026, FERC accepted in part and rejected in part PJM Interconnection, L.L.C.’s (PJM) compliance filing proposing changes to PJM’s Open Access Transmission Tariff (Tariff). FERC accepted PJM’s clarification of...more
At the Nov. 20, 2025, public meeting of the Federal Energy Regulatory Commission (FERC), Chairman Laura Swett asked Office of Enforcement and Regulatory Accounting (OERA) staff for the “biggest takeaway” from their annual...more
This bulletin was last updated April 9, 2026. The Independent Electricity System Operator (IESO) has announced its latest design decisions for a formal competitive procurement for new electricity transmission build in...more
On March 30, 2026, FERC accepted to ISO New England Inc.’s (ISO-NE) Transmission, Markets and Services Tariff (Tariff) that primarily replaces the existing Forward Capacity Market (FCM) with a prompt capacity market in which...more
On March 31, 2026, the governors of all six New England states issued a joint, bipartisan statement committing the region to explore deployment of advanced nuclear energy technologies while supporting the continued safe,...more
On 1 August 2025, Public Utility Commission of Texas (PUCT or the Commission) staff (Commission Staff) opened Project No. 58484, Evaluation of Transmission Cost Recovery, pursuant to Senate Bill 6 (SB 6), which requires the...more
On March 19, 2026, FERC approved Southwest Power Pool, Inc.’s (SPP) System Support Resource (SSR) program to allow SPP, under specified conditions, to keep certain generating units that plan to retire temporarily online when...more
Nearly three years after proposing reforms, the Federal Energy Regulatory Commission (FERC) has largely adopted its proposed revisions to Electric Quarterly Report (EQR) requirements. The proposed rule, issued on Oct....more
On March 13, 2026, Federal Energy Regulatory Commission (FERC) signaled its vision for the future of interconnection reform — and openly urged Regional Transmission Organizations (RTOs) and Independent System Operators (ISOs)...more
In February 2018, the Federal Energy Regulatory Commission issued Order No. 841, a landmark final rule amending FERC’s regulations to facilitate the participation of electric storage resources in the capacity, energy, and...more
On January 29, 2026, FERC accepted PJM Interconnection, L.L.C.’s (PJM) revisions to its Open Access Transmission Tariff (Tariff) to create a separate, fast‑track interconnection process for “Replacement Generation Resources”...more
2026 will be a pivotal year for US energy policy and markets. We predict it will be defined by pressure to deliver affordability and reliability amid accelerating load growth, contested jurisdiction between states and...more
In light of the unprecedented projected spike in demand for electricity driven by data centers, manufacturing and industrial development, federal and state regulators are poised to act in 2026 to develop rules to address...more
On January 13, 2026, the United States Court of Appeals for the District of Columbia Circuit (D.C. Circuit) in FERC v. PJM Interconnection, LLC., et al., held that FERC erred in concluding that a prior decision of the United...more
On 18 December 2025, the Federal Energy Regulatory Commission (FERC) issued a long-awaited order finding that PJM Interconnection, L.L.C.’s (PJM) tariff is unjust and unreasonable as it relates to co-located load arrangements...more