. 
Groups advocated for a more inclusive, transparent, and cost-efficient energy market for the Southeast U.S. region
WASHINGTON, D.C., October 13, 2021 — Today, national business associations Advanced Energy Economy (AEE), Advanced Energy Buyers Group (AEBG), and Renewable Energy Buyers Alliance (REBA) issued the following statement regarding today’s 2-2 split decision by FERC that will allow, by operation of law, a proposal by utilities to form a Southeast Energy Exchange Market (SEEM):
“FERC missed an opportunity to ensure that SEEM is a stepping stone to a competitive wholesale electricity market that delivers substantial benefits to consumers,” said Jeff Dennis, Managing Director and General Counsel at AEE, which manages the AEBG. “The acceptance of SEEM without a FERC order allows the sponsoring utilities to move forward without any Commission direction on how the new platform should be implemented and with no conditions that would improve transparency as to the benefits SEEM will actually deliver in practice. Moreover, FERC appears to have passed on creating a forum to foster discussion with states and stakeholders regarding the future of wholesale power markets in the region. This result could allow utilities in the Southeast to lock in a subpar alternative that will not create meaningful savings for ratepayers and will do little to accelerate the adoption of advanced energy technologies, while allowing those utilities to cement their market dominance in the region.”