FERC Floats Policy For Advancing Authority Over States’ Carbon Prices

The Federal Energy Regulatory Commission (FERC) is proposing a policy on its jurisdiction over state policies that would set carbon prices in wholesale electric markets, following on a recent conference where Chairman Neil Chatterjee said he planned to tackle the issue “head on” amid growing state interest in carbon pricing. FERC announced the policy in an Oct. 15 press release , writing that the proposal “finds that regional market rules incorporating a state-determined carbon price can fall within the Commission’s...