Commissioner James Danly Statement
April 21, 2022
Docket No. AD21-10-000
I concur with today’s order directing each regional transmission organization and independent system operator to answer questions and submit information related to their wholesale markets because the Commission is always entitled to ask questions and get information.[1]
What is needed here is a sincere effort to take the lessons learned in our markets and reevaluate whether and how those markets work. A single, basic set of questions must be at the heart of our examination: are price signals providing the proper incentives for the orderly entry and exit of the correct type and quantity of generation to ensure resource adequacy and reliability? If not, why not, and what needs to change? What we should not do is try to engineer a record by which we might later justify Commission action in pursuit of narrow, preordained policy goals.
For these reasons, I respectfully concur.
[1] See Modernizing Wholesale Elec. Mkt. Design, 179 FERC ¶ 61,029 (2022).