Black Oak Energy, LLC v. FERC

Petitioners and intervenors petitioned for review of FERC's orders (1) approving PJM's method of disbursing a monetary surplus that resulted from the way it operated its markets, and (2) requiring PJM to recoup money refunded to the virtual marketers in connection with the administrative dispute over the surplus. The court held that FERC gave the virtual marketers reasonable notice that their refunds were under reconsideration, but that FERC's orders were arbitrary and capricious because they were insufficiently justified. Accordingly, the court denied the petition for review of the Surplus Orders and granted the petition for review of the Recoupment Orders, remanding for further proceedings. View "Black Oak Energy, LLC v. FERC" on Justia Law