Common use of FERC Order on FTR Forfeitures Clause in Contracts

FERC Order on FTR Forfeitures. On January 19, 2017, FERC determined that the application of the current FTR forfeiture rule to INCs, DECs and UTCs was unjust and unreasonable.40 In their determination, FERC ordered that a method should be developed to consider the net impact of a participant’s entire portfolio of virtual bids on a constraint related to an FTR position. The new rule will be more transparent and will depend on an individual participant’s net impact on a constraint. FERC also explicitly ordered counter flow FTRs to be considered for FTR forfeiture.

FERC Order on FTR Forfeitures. On January 19, 2017, FERC determined that the application of the current FTR forfeiture rule to INCs, DECs and UTCs was unjust and unreasonable.40 unreasonable.67 In their determination, FERC ordered that a method should be developed to consider the net impact of a participant’s entire portfolio of virtual bids on a constraint related to an FTR position. The new rule will be more transparent and will depend on an individual participant’s net impact on a constraint. FERC also explicitly ordered counter flow FTRs to be considered for FTR forfeiture.

FERC Order on FTR Forfeitures. On January 19, 2017, FERC determined that the application of the current FTR forfeiture rule to INCs, DECs and UTCs was unjust and unreasonable.40 unreasonable.38 In their determination, FERC ordered that a method should be developed to consider the net impact of a participant’s entire portfolio of virtual bids on a constraint related to an FTR position. The new rule will be more transparent and will depend on an individual participant’s net impact on a constraint. FERC also explicitly ordered counter flow FTRs to be considered for FTR forfeiture.

FERC Order on FTR Forfeitures. On January 19, 2017, FERC determined that the application of the current FTR forfeiture rule to INCs, DECs and UTCs was unjust and unreasonable.40 unreasonable.53 In their determination, FERC ordered that a method should be developed to consider the net impact of a participant’s entire portfolio of virtual bids on a constraint related to an FTR position. The new rule will be more transparent position and will depend on an individual participant’s net impact on a constraint. FERC also explicitly ordered that counter flow FTRs to be considered for included in FTR forfeitureforfeiture calculations.