U.S. Energy Sec. Richardson issues California order

The Federal Energy Regulatory Commission (FERC), which governs interstate transportation of natural gas and electricity, delayed issuing its formal rule changes for the California market until Friday afternoon. It had planned on issuing them in the morning.

Dec. 14, 2000–The Federal Energy Regulatory Commission rejected an ISO New England’s request to cap rates for its so-called installed capability (ICAP) market at 17 cents/kW-month, calling it a ௿½token௿½ amount, and reinstated an $8.75/kW-month charge.

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