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FERC Issues Order Conditionally Accepting NERC’s 2008 Cost-to-Budget True-Up

On June 29, 2009, in Docket No. RR07-16, FERC issued an order conditionally accepting NERC’s 2008 Cost-to-Budget True-Up Filing for it and for the budgets of the Regional Entities, which NERC submitted on April 1, 2009.  However, because FRCC uses a different method than NERC and the other Regional Entities for recording indirect costs and, as a result, was not included in NERC’s metric for comparing statutory direct and indirect costs between NERC and the Regional Entities, FERC directed NERC and FRCC to develop procedures for capturing actual indirect costs and to provide details relating to these procedures in the true-up filing to the 2010 NERC and Regional Entity business plan and budget.  To view FERC’s order, click here.