US FERC gives ISOs three-month extension on netting rule
Washington (Platts)
Independent system operators will have an additional three months to comply with the netting portion of the Federal Energy Regulatory Commission’s credit reform rule, the agency said Tuesday.
In its credit reform order, FERC directed ISOs to ensure that that they would be able to net a market participant’s transactions in the event of a default. Compliance filings on this issue were due January 31, but…