Overview
Title
Crossett Solar Energy, LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes Request for Blanket Section 204 Authorization
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ELI5 AI
Crossett Solar Energy, LLC wants permission to sell electricity for whatever price the market allows and also wants to be able to quickly handle new financial decisions in the future. People have until March 15, 2021, to say if they disagree, and they can do this online.
Summary AI
Crossett Solar Energy, LLC has applied for market-based rate authority and included a request for blanket authorization for future issuances of securities and liabilities. The Federal Energy Regulatory Commission (FERC) has set March 15, 2021, as the deadline for filing any protests regarding this request. People can submit their protests or interventions electronically via the FERC website or by mail. Due to COVID-19, the Commission's Public Reference Room is closed, but documents can be accessed online through the "eLibrary" link on FERC's homepage.
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AnalysisAI
Summary of the Document
The Federal Register notice concerns an application by Crossett Solar Energy, LLC for market-based rate authority. This application is notable because it includes a request for "blanket authorization" under federal regulations, allowing future issuances of securities and liabilities without additional approval. The Federal Energy Regulatory Commission (FERC) has set a deadline of March 15, 2021, for filing protests against this request.
Significant Issues and Concerns
The notice raises several concerns. Firstly, it does not explain what "market-based rate authority" entails. Without this background, readers unfamiliar with energy regulation might find it difficult to understand the significance of this application.
Additionally, the concept of blanket authorization for future issuances of securities and liabilities is not unpacked. This lack of explanation regarding potential implications may leave stakeholders uncertain about how such authorization could impact them or the market.
While the notice encourages electronic submission of protests, it provides limited guidance on filing these protests besides referencing specific FERC rules, which are not elaborated upon. This lack of clarity might hinder effective public participation, especially among those who are not well-versed in legal or regulatory practices.
Impact on the Public
For the general public, this document may seem distant and technical. However, it holds significance as it involves the oversight of how energy is priced and sold in the market. The approval of market-based rate authority and blanket authorization could influence energy prices, potentially affecting everyone from residential consumers to large industrial entities.
The document’s emphasis on electronic submissions due to the closure of the Public Reference Room could marginalize those without internet access or the ability to understand online procedures, effectively reducing their ability to participate in the regulatory process.
Impact on Specific Stakeholders
Specific stakeholders, such as energy companies and market analysts, might look at this document with interest concerning how Crossett Solar Energy's market-based rate authority could influence competition and pricing strategies in the energy sector.
Conversely, community activists, environmental groups, and local communities might express concerns regarding the environmental and social implications of increased securities and infrastructure developments implied by this blanket authorization. Additionally, without a clear statement on impacts, local communities could be left without an understanding of how this decision might affect their immediate environment.
Conclusion
In summary, while the document is an important procedural step within energy regulation, it lacks clarity in conveying its broader implications for the public and specific stakeholders. Providing detailed explanations and guidance could enhance public understanding and participation, ensuring that decisions in such significant matters regard the interests of all affected parties.
Issues
• The notice does not provide a clear explanation of what 'market-based rate authority' entails, which may lead to confusion among readers who are not familiar with the term.
• The notice does not specify the consequences or implications of receiving blanket authorization for future issuances of securities and assumptions of liability.
• The deadline for filing protests is mentioned but without a detailed procedure on how protests should be submitted or the criteria for them, except pointing to general rules.
• There is a lack of detailed information on how individuals without internet access can fully participate in the protest or intervention process, given the emphasis on electronic submissions.
• The language used in the document can be considered complex, particularly with references to specific CFR parts and FERC regulations, which may not be easily understood by all stakeholders.
• The notice references rules (18 CFR part 34, 385.211, and 385.214) without providing a brief summary or context, potentially limiting understanding for those unfamiliar with the regulations.
• There is no information about what the potential impact of the approval of this request could be on the market or consumers.
• The document does not address how the decision on this application might affect local communities or possible environmental implications.