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On Voluntary Remand, FERC to Look at Energy Crisis Refund Cost Offsets
On Voluntary Remand, FERC to Look at Energy Crisis Refund Cost Offsets
Jan 25, 2017
by Margarita Fournier; Copyright 2016 by Competitive Assets, LLC. All rights reserved
On 1/24/17, SNL Energy reported on a case at FERC, related to actions of Shell Energy North America (US) LP, formerly Coral Power LLC, and Hafslund Energy Trading LLC. At issue is whether the “two energy suppliers are seeking to offset their Western energy crisis of 2000-2001 refund obligations with costs related to fraudulent transactions, the agency said in a Jan. 23 order.” A FERC judge has scheduled a “trial-type hearing” to determine whether “costs of illegal activities” have been included. “The dispute at issue stems from a 2006 order in which FERC largely approved cost filings of 13 power sellers, including Coral and Hafslund, that sought to offset the companies’ refund obligations for excess electricity charges during the energy crisis with their costs of serving the California markets during that period. A group of California parties — the state’s attorney general and public utilities commission, as well as investor-owned utilities Pacific Gas and Electric Co. and Southern California Edison Co. — subsequently challenged that order and other FERC energy crisis decisions at the United States Court of Appeals for the 9th Circuit.”
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