Federal Energy Regulatory Commission Chairman Richard Glick and his four colleagues will appear before a the House Committee on Energy and Commerce Subcommittee on Energy today to discuss FERC’s role in the ongoing transformation of the nation’s energy.
The Chairman and Commissioners Neil Chatterjee, James Danly, Allison Clements and Mark C. Christie will testify at the House Committee on Energy and Commerce’s Subcommittee on Energy’s oversight hearing beginning today at 10:30 a.m. EDT.
Chairman Glick’s testimony discusses five priority areas for the Commission in meeting the ongoing changes in the energy sector:
- Building the transmission grid of the future.
- Modernizing electricity market design.
- Updating FERC’s natural gas certificate Policy Statement.
- Safeguarding the reliability of the electric grid, including protecting against evolving cybersecurity threats.
- Facilitating more inclusive decision making processes.
“Organized wholesale electric markets continue to provide for lower prices, greater efficiencies and increased innovation,” Chairman Glick said. “But these markets are now some 20 years old and in certain regards may fail to reflect the changes of the modern electricity sector.” FERC’s job is not to pick winners and losers, “but we do have a role in eliminating barriers to a technology’s participation in wholesale markets,” he said.
The hearing will be livestreamed and can viewed here.
Testimony from today’s hearing can be found here.