FR 2021-02416

Summary of the Document

The notice published in the Federal Register involves Silverstrand Grid, LLC and its application for market-based rate authority. This notice indicates that the application includes a request for blanket authorization, allowing future issuances of securities and assumptions of liability. The Federal Energy Regulatory Commission (FERC) outlines procedures for interested parties to intervene or protest the application by a set deadline, February 18, 2021. This can be done electronically through the FERC website or by mail for those unable to file electronically. Notably, due to COVID-19 restrictions, access to FERC's Public Reference Room is currently suspended, but documents can still be accessed online.

Significant Issues or Concerns

There are a few key issues and concerns that emerge from the notice:

1. Understanding of Blanket Authorization: The concept of "blanket authorization" may not be clear to all readers. It refers to a regulatory allowance that simplifies proceedings for future financial activities, like issuing securities, but this nuance is not elaborated in the notice.

2. Filing Accessibility: While FERC encourages electronic submissions, the option remains for paper submissions by mail. However, some stakeholders might find it challenging to complete the filing in person or by mail due to potential limitations on their ability to access digital platforms.

3. Legal References: The notice cites specific legal references (18 CFR 385.211 and 385.214), which may not be accessible or easy to interpret for those unfamiliar with FERC's regulatory framework.

4. COVID-19 Impacts: The suspension of access to the Public Reference Room due to COVID-19 is mentioned, yet there is no updated information on whether access has been restored or alternative solutions have been fully implemented.

Impact on the Public

The document mainly impacts those involved in the energy sector, particularly entities considering entering the market or affecting energy rates. The outcomes of Silverstrand Grid, LLC's application could potentially influence energy pricing and availability, impacting consumers indirectly.

For the general public, the procedural details are less likely to have an immediate impact. However, understanding that such filings exist and the processes involved contributes to greater transparency and awareness of how energy rates and regulations are managed.

Impact on Specific Stakeholders

• Silverstrand Grid, LLC: The company stands at the center, awaiting approval of its market-based rate authority. If granted, it would enable them to act more freely in issuing securities and handling liabilities, potentially leading to greater business agility.

• Competing Energy Providers: Other energy companies might view this as an opportunity or challenge, as Silverstrand could become a more dynamic player in the market.

• Regulatory Bodies and Advocates: For regulatory professionals and energy policy advocates, this process represents a critical point of engagement where they can intervene or protest if they believe the authorization is not in the public interest.

Overall, while the document is technical and regulatory, it plays an essential role in the oversight and management of energy market practices, where specific stakeholders are directly affected by such regulatory measures.