FERC's Troubling Transmission Order No. 1920

Jeff D. Makholm
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Abstract

The Federal Energy Regulatory Commission (FERC)'s Order No. 1920, issued May 13, 2024, is FERC's latest attempt to craft a nationwide policy to regulate market entry and pricing for the electricity transmission network.1 Approved by a one-vote margin (2:1) in a short-staffed Commission, the Order numbers 1,300 pages. In the accompanying dissent and concurring opinion, the three participating Commissioners are unusually critical of each other, in places verging on insulting, with accusations of faulty reasoning, unspoken agendas, basic lapses in logic, and blatant inconsistency with the limits on federal regulatory authority. The 2:1 split continues the evident partisanship apparent in FERC's 2023 orders on natural gas pipeline issues that I wrote about earlier this year.2

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联邦能源管理委员会令人担忧的第 1920 号输电令
联邦能源管理委员会 (FERC) 于 2024 年 5 月 13 日发布的第 1920 号命令是 FERC 在全国范围内制定输电网络市场准入和定价监管政策的最新尝试。1 在人手不足的情况下,该命令以一票之差(2:1)获得批准,长达 1300 页。在随附的反对意见和同意意见中,三位与会委员对彼此的批评异乎寻常,有些地方甚至近乎侮辱,指责对方推理错误、有不可告人的目的、逻辑基本失误以及公然违背联邦监管权的限制。2:1 的分歧延续了我今年早些时候撰写的 FERC 2023 年关于天然气管道问题的命令中明显的党派之争。
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