Third-Party Provision of Ancillary Services - Accounting and Financial Reporting for New Electric Storage Technologies (Us Federal Energy Regulatory Commission Regulation) (Ferc) (2018 Edition)

Download or read book Third-Party Provision of Ancillary Services - Accounting and Financial Reporting for New Electric Storage Technologies (Us Federal Energy Regulatory Commission Regulation) (Ferc) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-10-15 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Third-Party Provision of Ancillary Services - Accounting and Financial Reporting for New Electric Storage Technologies (US Federal Energy Regulatory Commission Regulation) (FERC) (2018 Edition) The Law Library presents the complete text of the Third-Party Provision of Ancillary Services - Accounting and Financial Reporting for New Electric Storage Technologies (US Federal Energy Regulatory Commission Regulation) (FERC) (2018 Edition). Updated as of May 29, 2018 The Federal Energy Regulatory Commission (Commission) is revising its regulations to foster competition and transparency in ancillary services markets. The Commission is revising certain aspects of its current market-based rate regulations, ancillary services requirements under the pro forma open-access transmission tariff (OATT), and accounting and reporting requirements. Specifically, the Commission is revising its regulations to reflect reforms to its Avista policy governing the sale of ancillary services at market-based rates to public utility transmission providers. The Commission is also requiring each public utility transmission provider to add to its OATT Schedule 3 a statement that it will take into account the speed and accuracy of regulation resources in its determination of reserve requirements for Regulation and Frequency Response service, including as it reviews whether a self-supplying customer has made "alternative comparable arrangements" as required by the Schedule. The final rule also requires each public utility transmission provider to post certain Area Control Error data as described in the final rule. Finally, the Commission is revising the accounting and reporting requirements under its Uniform System of Accounts for public utilities and licensees and its forms, statements, and reports, contained in FERC Form No. 1, Annual Report of Major Electric Utilities, Licensees and Others, FERC Form No. 1-F, Annual Report for Nonmajor Public Utilities and Licensees, and FERC Form No. 3-Q, Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies, to better account for and report transactions associated with the use of energy storage devices in public utility operations. This book contains: - The complete text of the Third-Party Provision of Ancillary Services - Accounting and Financial Reporting for New Electric Storage Technologies (US Federal Energy Regulatory Commission Regulation) (FERC) (2018 Edition) - A table of contents with the page number of each section