FERC Rejects Basin Electric’s Proposal for Special Crypto Mining Rate Schedules
The Federal Energy Regulatory Commission (FERC) rejected Basin Electric Power Cooperative’s proposal to create separate rate schedules for cryptocurrency operations, stating Basin failed to show that these operations posed more risk than other large energy loads. Basin argued that crypto mining could lead to stranded assets due to its transient nature, but FERC found insufficient evidence to support this claim. While acknowledging Basin’s concerns about load growth, FERC rejected the proposal without prejudice, allowing Basin to address these concerns in future filings.