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January 28, 2015
ERCOT notified market participants that on January 6, 2015, it received a Notification of Change of Generation Resource Designation for CPS Energy's BRAUNIG_VHB2 generating unit, with a proposed effective date of February 10, 2015
January 23, 2015
ERCOT peak demand decreased by 1.2% in 2014 versus 2013, ERCOT reported yesterday.
January 23, 2015
ERCOT has filed a report on simulations used to identify target reserve margin levels (Planning Reserve Margin) at which specific physical reliability standards would be satisfied
January 22, 2015
PJM's proposal to assign capacity obligations to load based on days other than the summer peak leaves load serving entities, such as retail suppliers, with "no rational way" to develop retail prices for load, retail suppliers said at FERC.
January 21, 2015
The Pennsylvania PUC has levied a simple but brilliant criticism at PJM's proposal for a transition to its capacity performance product which illustrates the futility of paying billions in additional capacity costs for a limited amount of the new capacity performance product alongside existing…
January 21, 2015
Given that no improvement in generator performance is evident from PJM's proposed transition mechanism for its sought new capacity performance capacity market construct, a coalition of retail suppliers, wholesale power markets, cooperatives, industrial customers, and state regulators (the Transition…
January 21, 2015
The disruption of existing capacity procurements and prices ( more fully described in our related story today, click here ) under PJM's transitional capacity performance proposal, "may have unintended political consequences at the state level," and jeopardize state policymakers' acceptance of…
January 19, 2015
FERC has issued a series of questions for stakeholder comment stemming from its various organized market price formation workshops.
January 19, 2015
Ignoring capacity owners' forward commitments to provide energy under the current $1,000 offer cap, FERC has ruled that PJM's current offer cap is unjust and unreasonable for the, "winter months."
January 14, 2015
Michigan Gov. Rick Snyder on behalf of various parties announced a series of agreements meant to address higher electric costs in the Upper Peninsula, and under which Cliffs Natural Resources Inc. would take a "significant majority" of its power supply from Upper Peninsula Power Company (the to-be…
December 30, 2014
This story was updated on 12/30 to reflect TEAM filing a clarification that Cirro Energy did not participate in filing the comments. The REP Group's original filing had erroneously listed Cirro as a participating member
December 15, 2014
PJM is seeking to modify how it allocates the responsibility for capacity charges to load serving entities as part of its capacity performance proposal
December 12, 2014
Staff of the Public Utility Commission of Texas have filed a reserve margin analysis as part of the review of the reliability standard in the ERCOT region.
December 10, 2014
PJM said that its board has authorized a filing at FERC to increase the offer cap to $1,800/MWh, and allow generators to seek additional cost recovery via uplift, for this winter season.
December 9, 2014
Public Service Company of New Hampshire raised the specter of a purchaser of its generating plants, should the PUC compel a divestiture, using the purchase to remove the PSNH plants from the ISO New England capacity market to drive up prices, citing the recent controversy over the removal of the…
December 6, 2014
ISO New England has filed at FERC proposed changes to its minimum capitalization requirements, claiming that the changes are needed to protect market participants against, "thinly capitalized," load serving entities which do not own physical assets.
December 4, 2014
PJM informed stakeholders that its board has authorized the filing of a capacity performance proposal with FERC, though the Board has made several changes to the PJM Staff's proposal, including revisions to the transition period.
December 2, 2014
ERCOT has filed with the Public Utility Commission of Texas a report on the monthly coincident peak (Four Coincident Peak - 4CP) Loads in the ERCOT system for the months of June, July, August and September 2014
December 2, 2014
ERCOT's latest Capacity, Demand and Reserves (CDR) report shows that reserve margins are expected to exceed 15 percent through 2018.
December 1, 2014
FERC on November 28 approved most of PJM's sought revisions to the PJM capacity market variable resource requirement (VRR) curve and related revisions sought under the triennial review process, adopting changes which lead to gold-plating of the reliability target and which load interests have said…
November 26, 2014
FERC has ordered the New York ISO to conduct a stakeholder process to review whether Zone K should be modeled as an export-constrained zone in its capacity market.
November 21, 2014
FERC has opened a section 206 investigation into whether PJM's current tariff allows deactivated power plants to continue to receive compensation for reactive power.
November 21, 2014
Capacity markets, Texas policymakers were told, provide a net benefit to customers because they eliminate unpredictable and volatile instances of excessive scarcity pricing in the energy market that customers cannot stomach, and therefore the billions provided in capacity subsidies result in lower…
November 3, 2014
FERC announced that on January 7, 2015 it will convene a technical conference concerning the justness and reasonableness of PJM's existing tariff provisions related to the Financial Transmission Rights (FTR) forfeiture rule and uplift allocations as applied to Up-to Congestion (UTC) transactions and…
November 3, 2014
FERC approved without modification a series of tariff revisions filed by PJM to revise PJM's rules related to offer price adders ("FMU adders") for generation units that are frequently offer capped, referred to as Frequently Mitigated Units.
