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FELJ Author Talk - Capacity Markets: A Path Back to Resource Adequacy

Content Partner: Energy Bar Association

Price:	$170.00*
Member Price:	$140.00

This program is no longer available.

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Description: Centralized capacity market constructs can be a useful tool for enabling efficient short-term capacity transactions. On their own, however, they have proven themselves incapable of: meeting load-serving entities’ needs for diverse resource portfolios; enabling states’ efforts to pursue policy goals; satisfying generators’ need for stable revenues; or ensuring resource adequacy. Over the past five years, the FERC and eastern RTOs have sought to address these last two shortcomings in part by adopting and repeatedly amending buyer-side market power mitigation mechanisms. Those efforts have undermined efforts by some LSEs and states to manage their resource portfolios without adequately providing for resource adequacy or generators’ revenue requirements. If the FERC wishes to meet all of its goals, it must look beyond the centralized capacity constructs and include bilateral capacity markets and LSEs’ self-build options in the solution and it must adjust its approach to the eastern RTOs’ centralized capacity constructs so that all three resource options can work effectively side-by-side.

The event is a great opportunity for attendees to hear Mr. Morrison discuss the challenges now faced in eastern centralized capacity markets and his thoughts on the right path going forward. Mr. Morrison will also field questions on the subject matter.


Practice Areas:		Energy & Natural Resources Law

Online Media Type:		Audio

Production Date:		09/12/2016

Level:		Intermediate

Category:		Standard

Duration:		1 Hours, 8 Minutes

Online Format:		On Demand

Course Type:		Public

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Purchase of this product provides online access for 180 days. If you are purchasing a live webcast, you will receive complimentary access to the on demand version for 180 days once it becomes available. Please note that the on demand and podcast versions may, or may not be accredited in your state.

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Speakers:

•	Jay Morrison - Vice President of Regulatory Issues, National Rural Electric Cooperative Association
•	Harvey L. Reiter - Partner, Stinson, Leonard Street, LLP


	This product is designed to provide information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.