FERC, NERC combine on outage inquiry
Federal Energy Regulatory Commission FERC Chairman Jon Wellinghoff and Gerry Cauley, President and Chief Executive Officer of the North American Electric Reliability Corporation NERC, announced that they are combining the efforts of their separate inquiries into the causes of the electric outages and natural gas delivery disruptions that occurred in the Southwest, during an unusual cold spell in early February of this year.
FERC and NERC have been sharing information but conducting separate inquiries into the matter. FERC and NERC staffs will issue a joint report on findings and recommendations and present them to the Commission and to the NERC Board of Trustees.
The Federal Power Act of 2005 gives FERC authority to oversee the reliability of the nationÂ’s bulk electric system. FERC has designated NERC as the organization that develops and enforces mandatory reliability standards.
Related News
Warren Buffett’s Secret To Cheap Electricity: Wind
OMAHA NE - In his latest letter to Berkshire Hathaway shareholders, Warren Buffett used the 20th anniversary of Berkshire Hathaway Energy to tout its cheap electricity bills for customers.
When Berkshire purchased the majority share of BHE in 2000, the cost of electricity for its residential customers in Iowa was 8.8 cents per kilowatt-hour (kWh) on average. Since then, these electricity rates have risen at a paltry <1% per year, with a freeze on rate hikes through 2028. As anyone who pays an electricity bill knows, that is an incredible deal.
As Buffett himself notes with alacrity, “Last year, the rates…
