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FERC RIN: 1902-AC51 Publication ID: Fall 2008 
Title: Market-Based Rates for Wholesales Sales of Electric Energy, Capacity and Ancillary Services by Public Utilities 
Abstract: The Commission denied rehearing of most determinations made in the Final Rule. The Commission granted rehearing: (1) Concerning the finding that Northern PSEG is a submarket within PJM; (2) regarding the adoption of a two-way information sharing restriction, finding that a one-way information sharing restriction adequately protects captive customers; and (3) by modifying the Commission’s policy with respect to mitigation of long-term transactions. The Commission also clarified: (1) The Commission’s use of historical data in market power analyses; (2) that sellers are not required to report on financial transmission rights as part of the vertical market power analysis; (3) questions that have arisen concerning the implementation process adopted in the Final Rule; (4) the change in status reporting requirement; and (5) concerning the impact of existing mitigation in RTO/ISOs. (Docket No. RM04-7-000). 
Agency: Federal Energy Regulatory Commission(FERC)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 18 CFR 35   
Legal Authority: 16 USC 791 to 825r    16 USC 2601 to 2645    31 USC 9701    42 USC 7101 to 7352   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Initiation of Rulemaking Proceeding on Market-Based Rates and Notice of Technical Conference  04/22/2004  69 FR 21777   
Notice Inviting Comments Subject to Technical Conference   02/18/2005  70 FR 8358   
Comment Period End  03/14/2005    
NPRM  06/07/2006  71 FR 33102   
NPRM Comment Period End  08/07/2006    
Final Rule  07/20/2007  72 FR 39904   
Order Clarifying Final Rule  12/20/2007  72 FR 72239   
Order on Rehearing and Clarification  05/07/2008  73 FR 25832   
Order on Rehearing and Clarification  07/17/2008    
Order on Rehearing and Clarification  11/00/2008    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Elizabeth Arnold
Legal Information, Office of the General Counsel
Federal Energy Regulatory Commission
888 First Street NE,
Washington, DC 20426
Phone:202 502-8687
Email: elizabeth.arnold@ferc.gov