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New York ISO Seeks Fines for Non-Competitive Conduct

Aug 1, 2001 12:00 PM

The New York Independent System Operator (NYISO) has asked the FERC to approve a plan to impose large fines for those utilities and generators participating in “noncompetitive conduct.” The NYISO wants immediate approval, because filing falls under the “exigent circumstances” provision of the Federal Power Act, which allows the filing notice period to be waived. NYISO's plan would impose escalating penalties for price gouging beginning with the second offense. The first fine would be equivalent to the number of megawatts involved times the locational marginal price of the offense.
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The Southeastern Electric Exchange celebrates its 75th Anniversary at the PROUD PAST, BRIGHT FUTURE 2008 Conference in New Orleans, June 25-27. The theme uniquely reflects SEE’s history: helping utility members come together to create a culture of professional development, growth, learning, and commitment to quality.