Federal Energy Regulatory Commission - Office of Energy Market Regulation

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PICS Organization Name
Federal Energy Regulatory Commission - Office of Energy Market Regulation

Website
http://www.ferc.gov

City/State
Washington, District of Columbia 

Weekly Stipend
$500 or $450 if remote

Public Transportation
Yes

Housing Provided
No

Former Interns
Alan Lin '22, Elizabeth Parker '21, TJ Li '21, Claire Wayner '22, Tony Chen '20

Former Intern Projects
PDF icon2020 (Alan Lin '22)File2019 (Claire Wayner '22)File2019 (TJ Li '20)PDF icon2019 (Elizabeth Parker '21)

Organization Description
The Federal Energy Regulatory Commission (FERC), located in Washington, D.C., regulates interstate sales of electricity and transmission of electricity. FERC also promotes strong national energy infrastructure, including adequate transmission facilities. Within FERC, the Office of Energy Market Regulation (OEMR) advises the Commission and processes caseload related to the economic regulation of the electric utility, natural gas and oil industries. The East division of OEMR deals with matters involving energy markets, tariffs and rates relating to electric utility facilities and services in the Eastern region of the United States.

Internship Description

As an intern in OEMR East, you will review and evaluate a variety of requests for FERC action, such as electric rate and tariff filings, waiver requests, compliance filings, requests for re-hearings, and petitions for declaratory order, to determine whether proposals are just and reasonable and comply with statutory requirements and Commission policy and precedent. You will work with your colleagues to provide staff’s recommendations regarding FERC action on these filings.

You will collaborate with interdisciplinary teams, conduct analysis concerning market, legal, and/or policy issues, and participate in discussions that impact the functioning of electricity markets in New England, New York, the Mid-Atlantic, parts of the Midwest, and parts of the Southeastern U.S. In addition, you will conduct one or more independent research projects during your internship to develop expertise in specific topics related to the energy industry regulated by FERC.

You will be relied on to read and develop conclusions about proposed reforms to the structure and/or operations of energy markets in this region. You will be expected to conduct mostly qualitative analysis, but there are opportunities for more quantitative-based independent project work.

You can expect to learn about the fundamentals of electricity regulation, the basics of energy markets operated by Regional Transmission Organizations/Independent System Operators, the infrastructure of the electric transmission system, and the economic forces driving prices in markets for energy, capacity, and other services in wholesale electricity markets. You can also expect to learn about how different types of electric generating technologies (such as natural gas, nuclear, wind, solar, and storage systems) can provide energy to the grid. Along with other interns at FERC, you will be invited to attend trainings and field visits, which are available to analysts to increase their working knowledge of the industry.

Internship Qualifications
Required:

We welcome applicants from all majors at Princeton who have an interest in the energy industry, and in particular, electricity market issues.

It is essential that s/he be an excellent writer and oral communicator. S/he must be able to prepare written products that are clear and concise, comprehensive, and persuasive. S/he will be expected to provide quality input to final work products with limited guidance, including both contributing to team discussion and drafting memos and other written products. S/he will be expected to accomplish work independently and on a timely basis. S/he will work closely with others in the OEMR Program Office and in other Commission Program Offices, and must be able to work well as a team player. S/he should be a self-starter and multi-tasker who can evaluate complex problems independently.

Preferred:

Students majoring in economics, engineering, policy or a related discipline are well-suited for this position.

Students pursuing the Sustainable Energy Certificate or who have demonstrated an interest in energy through relevant coursework or experience are preferred.

Expected Start Time
9:00am

Expected End Time
5:30pm

Required Dates
Flexible between May 10 - August 27

Internship Length
10 Weeks

Meets Certificate Requirement
No

Could This Internship Take Place Remotely if Needed?
Unsure

Additional Info
U.S. Citizen is required. General background checks are performed. 

We can provide the intern with information about Washington, D.C. neighborhoods, apartment rental options in different locations, and public transportation. The FERC office can be accessed using public transportation.

Evaluation Excerpt

My internship achieved the goal of exposing me to energy regulatory policy and how it enacts systemic social change by working to maintain energy security (and, to a much lesser extent, to achieve clean energy and sustainability goals). It also gave me an educationally enriching experience by putting me through a crash course on the economics, physical operations, and regulatory policy of the energy industry in which I learned a lot. -- Alan Lin '22

The most satisfying part of my work was knowing that my project was actually contributing to the ongoing work at FERC. My project was on a subject (index liquidity) that hadn't been studied previously, so I was able to set up for future in-depth investigations.
—Tony Chen '20

I LOVE my supervisors. I had a official group manager and a project manager and they were always available for questions and advice. I talked to them a lot about my post-graduation problems and asked a lot a lot of questions.
—Hang Huynh '18 

I absolutely connected with the FERC mission. As I said above, FERC is doing instrumental work in the delicate art of balancing climate concerns with promoting economic opportunity in the energy sector. I am deeply invested in this policy field and became only further motivated throughout the experience to continue learning about and working on these issues. —Wesley Brown '19