DOE Grants FERC Extension Request in Grid Resiliency Pricing Rule Proceeding

Yesterday, DOE granted FERC’s request for a 30-day extension of the 60-day deadline to take final action on its Grid Resiliency Pricing Rule proposed late September.  New FERC Chairman Kevin McIntyre sought the extension in a letter dated Thursday, December 7, citing the need to give new Commissioners time to consider the voluminous record—consisting of over 1,500 comment submissions—and to engage fully in deliberations.  Chairman McIntyre was sworn in earlier that same day, and Commissioner Richard Glick was sworn in on November 29, 2017.

Although Secretary Perry agreed to FERC’s request for extension, he nevertheless urged the Commission to act expeditiously: “The voluminous comments filed in the record of this proceeding provide substantial evidence of, and otherwise confirm, the threat to the nation’s electricity grid and the urgent need for Commission action to reform market rules to preserve fuel-secure generation resources.”

The new deadline for final Commission action on the Grid Resiliency Pricing Rule is January 10, 2018.

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