On February 3, 2012, FERC interpreted a key reliability standard to clarify what types of relay and communication equipment should be subject to internal testing and audit procedures. FERC directed NERC to do further work regarding the inclusion of the certain reclosing relays and DC control circuitry in maintenance, testing, and internal audit programs.

On January 25, 2012, the California Independent System Operator Corporation (“California ISO”) filed a petition with FERC to waive section 43.2.6(3) of their tariff to permit the CAISO to issue a Capacity Procurement Mechanism (“CPM”) designation related to a Calpine Corporation (“Calpine”)  facility.  California ISO seeks to prevent the May 2012 retirement of Calpine’s Sutter Energy Center (“Sutter”), an air-cooled, combined cycle, 525 MW facility.