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New York State Public Service Commission letter to Federal Energy Regulatory Commission

New York State Public Service Commission letter to Federal Energy Regulatory Commission

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Published by ttapm777
New York State Public Service Commission letter to Federal Energy Regulatory Commission
New York State Public Service Commission letter to Federal Energy Regulatory Commission

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Published by: ttapm777 on Mar 11, 2014
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04/22/2014

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STATE OF NEW YORK DEPARTMENT OF PUBLIC SERVICE
THREE EMPIRE STATE PLAZA, ALBANY, NY 12223-1350
www.dps.ny.gov PUBLIC SERVICE COMMISSION AUDREY ZIBELMAN KIMBERLY A. HARRIMAN
Chair Acting General Counsel
PATRICIA L. ACAMPORA GARRY A. BROWN KATHLEEN H. BURGESS
 
GREGG C. SAYRE
Secretary
DIANE X. BURMAN
 
Commissioners
February 20, 2014 Sent Electronically Acting Chair Cheryl A. LaFleur Federal Energy Regulatory Commission 888 First Street, NW Washington, DC 20426 Dear Acting Chair LaFleur, As Chair of the New York State Public Service Commission (NYPSC), I amwriting to request the Federal Energy Regulatory Commissions (FERC) assistance in reviewing the recent increases in wholesale natural gas prices, which have had a significant impact on end-use consumers’ electric prices in New York State. As you are aware, the extreme and prolonged cold weather this winter has put a significant strain on the electric systemacross New York and in other parts of the country. This weather was accompanied by a high demand for natural gas and a dramatic increase in natural gas city gate prices.  The NYPSC has been working closely with the New York Independent SystemOperator, Inc. (NYISO) to ensure the continued availability of adequate fuel supplies to generation units within New York. While the NYISO has informed me that New  York’s generating plant owners and operators have cooperated with the NYISOs efforts to ensure that adequate fuel inventories remain available to reliably meet demand, the resulting impact on end-users’ electric prices raises significant concerns. Therefore, I request that FERC undertake a review of the natural gas markets during these recent weather events. It is my understanding that the NYISO also intends to request such a review, which I fully support.

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