The Retail Energy Supply Association filed comments with FERC outlining problems with FERC's new proposed rules for greater reporting from RTO market participants
FERC is proposing to launch a dragnet over the organized markets by requiring all market participants to report information on all of their "connected entities" -- a term broader than the current definition of affiliate. Click here for prior story to see definition of connected entity
In its comments, RESA generally argued that:
• The 10% Ownership Threshold for Determining Control is Too Low; the Commission Should Use 50% Ownership Threshold
• Including as "Connected Entities" Passive Investors and Holders of Debt Interest or a Structured Transaction is Unnecessary
• Who Constitutes a Reportable "Trader" Requires Further Clarification
• An Obligation to Report Any Changes Within 15 Days is Unduly Burdensome