In Order No. 897, One-Time Informational Reports on Extreme Weather Vulnerability Assessments—Climate Change, Extreme Weather, and Electric System Reliability, FERC largely adopted a prior proposal to require all public utility transmission providers to submit one-time reports describing their current or planned policies and processes for conducting extreme weather vulnerability assessments. The final rule requires all transmission providers, including regional transmission organizations and independent system operators (and their transmission-owning members), to file one-time informational reports. Although FERC stated that these reports will enable it to assess how transmission providers evaluate their vulnerabilities to extreme weather events and strengthen its ability to ensure system reliability and just and reasonable rates, FERC refrained from specifying additional future actions it might take as result of these reports.
Specific elements of the required reports include:
• the processes by which transmission providers identify vulnerabilities and determine exposure to extreme weather hazards affecting their transmission assets and operations;
• estimates by transmission providers of the costs associated with extreme weather impacts on their systems; and
• transmission providers’ policies and processes aimed at addressing the risks identified in their extreme weather vulnerability assessments.
For more information concerning the two new reliability final rules, please contact Wendy Reed (firstname.lastname@example.org), Matthew Binette (email@example.com) and Uju Okasi (firstname.lastname@example.org).