FERC Eases EQR Filing Burden by Eliminating E-Tag ID Requirement

Feb 17, 2015

Reading Time : 1 min

In Order No. 768, FERC found that the importance of price transparency in jurisdictional markets justified the increased burdens associated with matching transactions reported in EQRs with e-Tag IDs.  Several parties requested a rehearing of the e-Tag ID requirement, arguing that FERC overestimated the transparency benefits and underestimated the substantial burdens and costs of requiring e-Tag ID information in EQRs.  Those parties and other commenters requested that FERC eliminate or stay the e-Tag ID requirement, the latter of which FERC did to allow it to perform a full assessment of the benefits and burdens.

On rehearing, FERC found that “the initial and ongoing compliance burdens and costs” of the e-Tag ID requirement “may be significantly higher than [FERC estimated] in Order No. 768.”  Accordingly, while noting that the e-Tag ID requirement “could improve the usefulness of EQR data,” FERC granted a rehearing regarding the e-Tag ID requirement and determined to not require EQR filers to submit e-Tag IDs for transactions reported in EQRs and for which an e-Tag was used to schedule the transaction, which will save public-utility and non-public-utility EQR filers from shouldering the significant burdens and costs of doing so going forward.  The Order on Rehearing did not alter any other EQR-related filing requirements.


1 e-Tag IDs include a subset of the information in complete e-Tags, which are used to schedule physical interchange transactions and contain information about where electric power is sourced and delivered, the parties involved in the transmission of that power, and certain details regarding the timing and volume of, and transmission paths used, for the transaction.  

Share This Insight

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.