FERC Proposes Reforms to 40-Year Old Power Purchase Law to Reflect Energy Market Changes
The Federal Energy Regulatory Commission announced a rulemaking to update provisions of the Public Utility Regulatory Policies Act 1978, or PURPA, which requires utilities to purchase power from small independent electricity generators at the avoided cost, or the cost the utility would spend to procure the electricity itself, according to a Sept. 19 press release.…