AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
WASHINGTON, DC -- The Federal Energy Regulatory Commission (FERC) on January 13, bowing to harsh criticism of its standard market design (SMD) proposal, said it would delay the plan to reorganize wholesale electricity market rules until July 2003.
FERC Chairman Pat Wood denied that the agency has delayed its schedule and said it will issue a final version of the rules in July. The agency wants to enact the rules in some parts of the country in 2004.
Earlier, Wood said the FERC would take a fresh look at standard market design and issue a white paper in April. He acknowledged that could delay adoption of the rules in some areas of the nation.
Since it was introduced, the FERC plan has been bitterly criticized by state regulators who charge that it is a federal grab for power and by those whose states already ...