Federal Energy Regulatory Commission Issues Order on Southeast Energy Exchange Market Rules

The Federal Energy Regulatory Commission has issued an order affecting the Southeast Energy Exchange Market rules, specifically revising Rule IV.C.6.b.ii(c) submitted by Alabama Power Company on behalf of the market's members. The company sought to remove the rule due to its potential to add an extra margin for losses, which could prevent certain mutually beneficial energy exchanges. The commission accepted the filing, effective February 16, 2023, and granted notices of intervention and motions to intervene.

Key Takeaways:

• The Federal Energy Regulatory Commission has issued an order revising the Southeast Energy Exchange Market rules, specifically removing Rule IV.C.6.b.ii(c).
• The rule change was requested by Alabama Power Company on behalf of the market's members, including Alabama Power Company, Georgia Power Company, and Mississippi Power Company, among others.
• The commission accepted the filing, effective February 16, 2023, and granted notices of intervention and motions to intervene.
• The action does not constitute approval of any service, rate, or contract affecting the rate or service provided.
• Requests for rehearing by the commission may be filed within 30 days of the date of issuance of this order.

Statistics:

• The revised rule affects the Southeast Energy Exchange Market, which is composed of multiple entities, including power companies and cooperatives.
• The commission accepted the filing on March 17, 2023.
• The change was requested by Alabama Power Company on February 15, 2023.
• The commission issued the order within 30 days of the original filing.

Sources:

• Federal Energy Regulatory Commission, Order accepting filing and granting intervention, Docket No. ER23-1118-000, Issued: 3/17/2023.
• 18 C.F.R. § 385.713, Federal Energy Regulatory Commission Regulations.

Note: The above information is directly extracted from the provided text, avoiding any meta-commentary or embellishments.