On December 18, 2025, FERC maintained that gas pipelines offering service under section 311 of the Natural Gas Policy Act (NGPA) that base their section 311 rates on state-approved rates must nonetheless comply with Straight-Fixed Variable (SFV) rate design or justify a departure from SFV.  Specifically, FERC denied Matterhorn Express…

On November 17, 2025, FERC accepted the Midcontinent Independent System Operator, Inc.’s (MISO) proposed revisions to its Open Access Transmission Tariff (OATT) to modify real power testing requirements for Demand Resources. MISO specifically proposed more stringent requirements for Demand Resources seeking waiver of performing real power tests and real power tests for Demand Resources using a firm service level baseline. FERC accepted the proposed revisions as just and reasonable, finding the proposed revisions standardize testing procedures for Demand Resources.

On November 20, 2025, FERC terminated several long-pending rulemaking and policy dockets in an effort to provide “regulatory certainty.”  Specifically, FERC closed RM22-20, RM18-10, RM20-7, and PL20-7.

RM22-20 proposed requiring that any entity communicating with FERC or other specified organizations related to a matter subject to FERC’s jurisdiction submit accurate…

On November 20, 2025, FERC took several steps aimed at finalizing oil pipeline price index levels for the July 1, 2021, to June 30, 2026, time period (“2021-2026 Period”). First, FERC set the oil pipeline index level for the 2021-2026 Period at PP-FG+0.78% (“Initial Index”), consistent with the index level it originally set in December 2020. FERC also issued remedial relief through a rehearing order to applicable oil pipelines for the March 1, 2022, to September 17, 2024, time period in which an index level of PPI-FG-0.21% (“Rehearing Index”) was in effect. The relief ordered by FERC will allow qualifying pipeline to recover amounts they would have otherwise charged under the Initial Index while the Rehearing Index prices were in effect. Finally, FERC withdrew a Supplemental Notice of Proposed Rulemaking (“Supplemental NOPR”) in which FERC sought to proactively set the Rehearing Index as the index level for the remainder of the 2021-2026 Period.

On November 24, 2025, the U.S. District Court for the Middle District of North Carolina denied American Efficient LLC’s (American Efficient) preliminary injunction seeking to halt FERC’s civil enforcement proceedings for alleged market manipulation and tariff violations. American Efficient argued that FERC’s process violated the Seventh Amendment and Article III of the U.S. Constitution by denying its right to a jury trial in an Article III court. The Court held that the Federal Power Act’s (FPA) scheme—allowing FERC to assess a penalty but requiring the government to obtain a de novo jury trial in federal court before any penalty can be enforced—satisfies requirements under the Constitution.

On November 25, 2025, FERC accepted the Midcontinent Independent System Operator, Inc.’s (MISO) proposal to expand the number of interconnection requests MISO may study under its temporary, fast-tracked generator interconnection process. FERC concluded that the proposal will help ensure interconnection customers are able to interconnect to the MISO transmission system in a reliable, efficient, and timely manner.

Last week, the U.S. Environmental Protection Agency (EPA) announced that it will formally grant the Railroad Commission of Texas (RRC) primary authority (known as “primacy”) to administer the Class VI Underground Injection Control (UIC) program for the geologic sequestration of carbon dioxide under the Safe Drinking Water Act. With this approval, developers pursuing carbon capture and storage (CCS) projects in Texas will work directly with the RRC for Class VI well permitting, rather than navigating the EPA’s permit queue.

On October 31, 2025, FERC granted ISO New England’s (ISO-NE) request for a limited waiver of its Tariff and Billing Policy to refund, approximately $68,000 in Capacity Performance charges to Brookfield White Pine Hydro LLC (Brookfield).  The waiver relates to six five-minute intervals during a June 24, 2025 Capacity Scarcity Condition in which Harris Hydro Station’s Unit 2 (Harris 2) was manually held below its EcoMax[1] because ISO-NE allowed a non-commercial Large Generating Facility to operate on a constrained transmission line, thereby limiting Harris 2’s output and triggering an underperformance assessment.

On October 28, 2025, the U.S. Court of Appeals for the Fifth Circuit (Fifth Circuit) denied several petitions for review of FERC’s authorization of Gas Transmission NW, LLC’s (GTN) GTN Xpress compressor expansion project (Project).  Specifically, the Fifth Circuit (1) denied GTN’s petition for review challenging FERC’s denial of a…