Summaries | February 2026 Commission Meeting

These are summaries of orders voted by the Federal Energy Regulatory Commission at its February 19, 2026, public meeting. Links to each order will be provided below once the order is issued. The summaries are produced by FERC's Office of External Affairs and are intended to provide only a general synopsis of the orders. These summaries are not intended as a substitute for the Commission's official orders. To determine the specific actions and the Commission's reasoning, please consult the individual orders when they are posted to FERC's eLibrary .

News Release: H-1 , Categorical Exclusion under the National Environmental Policy Act for Certain Terminations or Revocations of Water Power Licenses or Exemptions, Docket No. RM26-7-000 and H-2 , Order Adopting Categorical Exclusions from Tennessee Valley Authority under the National Environmental Policy Act, Docket No. CX26-1-000.

E-1 | Constellation Energy Corporation, Docket No. EC25-43-001
ORDER ADDRESSING ARGUMENTS RAISED ON REHEARING, AND SETTING ASIDE PRIOR ORDER, IN PART

The order sustains and sets aside, in part, the Commission's July 23, 2025, order, which conditionally authorized Constellation Energy Corporation and Constellation Energy Generation, LLC's acquisition of Calpine Corporation.

E-2 | Western Electricity Coordinating Council, Docket No. EL10-56-000
ORDER ON SECTION 206 PROCEEDING

The order finds, following the D.C. Circuit's opinion in Shell Energy N.A. (US), L.P. v. FERC, 107 F.4th 981 (D.C. Cir. 2024), the Western Electricity Coordinating Council (WECC) soft price cap framework, which establishes a soft price cap of $1,000/MWh and that prices that exceed that amount are subject to cost justification and refund, is no longer just and reasonable. The order affirms the Commission's preliminary finding in its July 15, 2025, order that the soft price cap is no longer needed to ensure just and reasonable rates. The order therefore rescinds the WECC soft price cap.

E-3 | Stay Ready Solar 1 Inc. v. Entergy New Orleans, Inc., Docket No. EL26-25-000
ORDER DISMISSING COMPLAINT

The order dismisses the complaint filed by Stay Ready Solar 1 Inc., Stay Ready Solar 2 Inc., and Stay Ready Solar 3 Inc. (collectively, Stay Ready Solar) filed against Entergy New Orleans, Inc. (Entergy) alleging that Entergy violated the Commission's generator interconnection rules in relation to Stay Ready Solar's efforts to connect with Entergy's distribution system to provide energy for resale through a bill-credit program enacted by the Council of the City of New Orleans, Louisiana.

E-4 | Branch Street Solar Partners, LLC, Docket No. QF19-881-005, et al .
ORDER ON REHEARING AND CLARIFICATION

The order sustains the Commission's June 26, 2025, order, which rejected seven refund reports filed by owners of qualifying facilities and directed the owners to recalculate the refund amounts, make time-value refunds, and file revised refund reports. The order also denies clarification.

E-5 | Great Bend Solar, LLC, Docket No. TS26-2-000
ORDER ON REQUEST FOR WAIVERS

The order grants in part and dismisses in part, Great Bend Solar, LLC's request for a temporary waiver of the Commission's requirements to file an Open Access Transmission Tariff, to establish and maintain an Open Access Same-Time Information System, and to comply with the Commission's Standards of Conduct (collectively, Open Access Requirements).

E-6 | North American Electric Reliability Corporation Advisory, Docket Nos. RD26-1-000, RD26-2-000, and RD26-3-000
ORDER APPROVING INVERTER-BASED RESOURCES AND GENERATORSMODELING RELIABILITY STANDARDS

Pursuant to section 215(d)(2) of the Federal Power Act, the order approves NERC's three petitions seeking approval of five proposed Reliability Standards and the addition of three proposed defined terms to the NERC Glossary of Term Used in Reliability Standards. The three petitions are in response to a series of directives in Order No. 901 related to the integration of inverter-based resources (IBRs) onto the electric grid. The proposed Reliability Standards and proposed definitions address: (1) data sharing of IBRs; and (2) data and model validation of IBRs.

E-7 | Macquarie Energy LLC, Docket No. ER21-64-002
ORDER ON REMAND

The order finds, after undertaking the Mobile-Sierra analysis required by the D.C. Circuit's holding in Shell Energy N.A. (US), L.P. v. FERC, 107 F.4th 981 (D.C. Cir. 2024), that there is no basis for Macquarie Energy LLC (Macquarie) to pay refunds for spot market energy sales that exceeded the WECC soft price cap of $1,000/MWh. The order finds that Macquarie is entitled to recoupment of the refunds already paid and directs the refund recipients to provide recoupment to Macquarie.

E-8 | Macquarie Energy LLC, Docket No. ER21-2649-002
ORDER ON REMAND

The order finds, after undertaking the Mobile-Sierra analysis required by the D.C. Circuit's holding in Shell Energy N.A. (US), L.P. v. FERC, 107 F.4th 981 (D.C. Cir. 2024), that there is no basis for Macquarie Energy LLC (Macquarie) to pay refunds for spot market energy sales that exceeded the WECC soft price cap of $1,000/MWh. The order finds that Macquarie is entitled to recoupment of the refunds already paid and directs the refund recipients to provide recoupment to Macquarie.

E-9 | Tenaska Power Services Co., Docket No. ER21-2459-002
ORDER ON REMAND

The order finds, after undertaking the Mobile-Sierra analysis required by the D.C. Circuit's holding in Shell Energy N.A. (US), L.P. v. FERC, 107 F.4th 981 (D.C. Cir. 2024), that there is no basis for Tenaska Power Services Co. (Tenaska Power) to pay refunds for spot market energy sales that exceeded the WECC soft price cap of $1,000/MWh. The order finds that Tenaska Power is entitled to recoupment of the refunds already paid and directs the refund recipients to provide recoupment to Tenaska Power.

E-10 | Shell Energy North America (US), L.P., Docket No. ER21-2382-002
ORDER ON REMAND

The order finds, after undertaking the Mobile-Sierra analysis required by the D.C. Circuit's holding in Shell Energy N.A. (US), L.P. v. FERC, 107 F.4th 981 (D.C. Cir. 2024), that there is no basis for Shell Energy North America (US), L.P. (Shell Energy) to pay refunds for a spot market energy sale that exceeded the WECC soft price cap of $1,000/MWh. The order finds that Shell Energy is entitled to recoupment of the refund already paid and directs the refund recipients to provide recoupment to Shell Energy.

G-1 | Oil Pipeline Affiliate Committed Service, Docket No. PL23-1-000
WITHDRAWAL OF PROPOSED POLICY STATEMENT

The order withdraws a proposed policy statement issued on December 16, 2022, that proposed to revise the Commission's policy for evaluating whether contractual committed transportation service on oil pipelines complies with the Interstate Commerce Act where the only shipper to obtain the committed service is the pipeline's affiliate.

G-2 | Baltimore Gas and Electric Co. v. Transcontinental Gas Pipeline Co., Docket No. RP25-1189-000
ORDER DENYING COMPLAINT

The order denies Baltimore Gas and Electric Company's (BGE) compliant against Transcontinental Gas Pipe Line Company, LLC (Transco) asserting it has a contractual right to challenge its negotiated rate with Transco pursuant to section 5 of the Natural Gas Act. BGE submits that its negotiated rate with Transco is no longer just and reasonable and should be replaced with Transco's currently effective recourse rate.

G-3 | Jay-Bee Production Company v. Texas Gas Transmission, LLC, Docket No. RP25-966-000
ORDER ON COMPLAINT

The order denies in part and grants in part the complaint of Jay-Bee Production Company (Jay-Bee) against Texas Gas Transmission, LLC (Texas Gas), finding that Texas Gas's tariff and the service agreements do not violate Commission policy, but finding that to the extent Texas Gas denied Jay-Bee's segmentation requests where segmentation was operationally feasible, Texas Gas violated its tariff.

H-3 | Jeffersonville Hydroelectric Co., Project No. 6055-008
ORDER APPROVING SURRENDER OF EXEMPTION

The order grants Jeffersonville Hydroelectric Co.'s request to surrender its exemption for the Lake Jefferson Project located in Sullivan County, New York.

H-4 | Triton Power Company, Project No. 5698-025
ORDER ADDRESSING ARGUMENTS RAISED ON REHEARING, SETTING ASIDE PRIOR ORDER, IN PART, AND GRANTING WAIVER, IN PART

The order sets aside Commission staff's October 7, 2025, delegated letter order rejecting Triton Power Company's application to relicense the Chateaugay High Falls Hydroelectric Project, in part, to grant a waiver to allow Triton Power Company to refile a license application in light of changed circumstances.

C-1 | National Fuel Gas Supply Corporation, Docket No. CP25-495-000
ORDER AMENDING CERTIFICATE

The order amends the certificate for the Beech Hill Storage Complex located in Allegany County, New York, to expand its reservoir and buffer boundaries and to authorize the use of Well 7451 as a storage well.

C-2 | Removal of Regulations Limiting Authorizations to Proceed with Construction Activities Pending Rehearing, Docket No. RM25-9-001
ORDER ADDRESSING ARGUMENTS RAISED ON REHEARING

The order sustains the Commission's October 7, 2025, final rule removing section 157.23 from the Commission's regulations.