1. FERC ADOPTS ‘SOFT’ PRICE CAPS FOR WESTERN STATES

Federal energy regulators this week for the first time adopted a
comprehensive solution to skyrocketing Western energy prices by imposing
temporary “soft caps” on wholesale electricity sales in 10 states.

The plan fell short of critics’ demand for cost-of-service based rates
but appeared to halt for now a move to pass legislation in the Senate
that would require the agency to impose them …

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