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FERC head says final power market rules due in July.(Brief Article)

Energy User News

| March 01, 2003 | COPYRIGHT 2003 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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