U.S. Federal Energy Regulatory Commission Adopts Market-Based Rate Behavioral Rules.

Extract

---

U.S. Federal Energy Regulatory Commission Adopts Market-Based Rate Behavioral Rules.

On November 17, 2003, the U.S. Federal Energy Regulatory Commission (FERC or Commission) issued two orders implementing behavioral rules for market-based electricity and natural gas sales. Order Amending Market-Based Rate Tariffs and Authorizations, 105 FERC [micro] 61,218 (November 17, 2003) ("Order"); Amendments to Blanket Sales Certificates, Order No. 644 (November 17, 2003). The electricity order requires power marketers (parties authorized to transact at market-based rates) to file tariff amendments incorporating certain behavioral rules into their market-based rate tariffs, in some instances as early as December 2, 2003. The natural gas order integrates the new rules into the FERC's official regulations. The orders also adopt specific timetables and procedures for filing complaints or initiating investigations arising out of alleged behavioral rule violations. The new electricity behavioral rules will become effective on December 17, 2003. The natural gas rules become effective 30 days after publication in the Federal...

See the full content of this document

---