FERC Deadlock Leads to Approval of Southeastern Regional Energy Market Platform

The Southeast Energy Exchange Market (SEEM) received clearance from the Federal Energy Regulatory Commission (FERC) for their proposed trading platform after a tie vote to approve it. SEEM is a wholesale power market that will facilitate bilateral energy trading at much faster rates than previously available, enabling almost 20 entities across 11 states to deliver an estimated $40 to $50 million in annual savings to customers and grid operators.

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