April 24, 2002
FERC requires power sellers to file reports
US federal regulators, determined to increase transparency in power markets, approved a rule Wednesday that requires all power sellers to file standardized, detailed quarterly reports on all transactions.
The rule, approved in a unanimous vote by the US Federal Energy Regulatory Commission, covers short-term trading activity, longer term power contracts, and transmission services. For short-term trading transactions, the rules requires sellers to electronically report in a standard template price, quantity, delivery points, and counterparties. The data will be publicly available. Staff said the new rule will replace much less specific quarterly filing requirements.
The order takes effect for the quarter ending June 30 and gives sellers 30 days after the end of the quarter to file.
copyright 2002 Platts