Industries Electric Market-Based Rates
An entity seeking to make market-based rate sales of energy, capacity and ancillary services in the wholesale markets must first seek authorization from the Commission. An applicant obtains such authorization by order of the Commission. To obtain market-based rate authorization, an applicant must make a filing under Section 205 of the Federal Power Act. This application must include a proposed market-based rate tariff and must be submitted electronically through the Commissionís eTariff system.
As part of its ongoing oversight of market-based rate authorizations and market conditions the Commission requires all market-based rate sellers to:
Electronically submit Electric Quarterly Reports consistent with the procedures the Commission adopted in Order No. 2001 (Revised Public Utility Filing Requirements, Order No. 2001 , 67 Fed.Reg. 31043, FERC Stats. & Regs.∂ 31,127 at P 11-12, 18-21 (April 25, 2002), reh'g denied, Order No. 2001-A, 100 FERC ∂ 61,074, reconsideration and clarification denied, Order No.2001-B, 100 FERC ∂ 61,342, order directing filings, Order No. 2001-C, 101 FERC ∂ 61,314 (2002)).
Notify the Commission if any officers or directors are (a) an officer or director of more than one public utility, (b) an officer or director of a public utility, any bank, trust company, banking association, or firm that is authorized by law to underwrite or participate in the marketing of securities of a public utility, or (c) an officer or director of a public utility and of any company supplying electrical equipment to a public utility. (18 C.F.R. Part 45, as amended by Order No. 664 ).
We also note that some Qualifying Facilities may be exempt from section 205 of the Federal Power Act. For more information read Order No. 671 .