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July 31, 2012
Estimated net revenues for new combustion turbines and combined cycle units in ERCOT were sufficient to support new entry during 2011, finds the Independent Market Monitor in the annual State of the Market report.
July 30, 2012
The top states for business in the United States -- as judged by numerous publications -- do not rely on a capacity market, or other non-rate-regulated capacity obligations, to assure resource adequacy -- something which Texas should keep in mind given its concern with attracting jobs.
July 30, 2012
Imposing a PJM-style capacity market on ERCOT load (through their retail electric providers or LSE) would have resulted in annual capacity costs to load of $3.6 billion, using 2010 & 2011 capacity prices, Commissioner Kenneth Anderson of the Public Utility Commission of Texas said during a workshop…
July 27, 2012
During today's open meeting, Public Utility Commission of Texas Chairman Donna Nelson offered the following statement to correct inaccurate reports concerning her position on capacity markets:
July 26, 2012
Shell Energy North America (US), L.P. has filed a complaint at FERC asking the Commission to, among other things, institute an investigation into the integrity of the settlement process administered by the California ISO.
July 23, 2012
Economics do not support the construction of new capacity "in this country" unless the plant is being built pursuant to a state's renewable portfolio standard, or has a bilateral contract, NRG President and CEO David Crane said today during a media call regarding the company's merger with GenOn.
July 20, 2012
Approval of Entergy Texas, Inc.'s (ETI) application to join the Midwest ISO should be conditioned on exiting the Entergy System Agreement (ESA), Staff of the Public Utility Commission of Texas said in portions of testimony that have now been made public after initially being redacted (40346).
July 19, 2012
In adopting an order on the FirstEnergy Ohio utilities' electric security plan, in which capacity prices in the constrained ATSI zone became an issue of contention, the Public Utilities Commission of Ohio said that it would continue to review the utilities' participation in future PJM Base Residual…
July 18, 2012
Panda Power Funds today announced that its affiliate Panda Temple Power, LLC has successfully completed the financing on its planned 758-megawatt natural gas-fueled, combined-cycle power plant in Temple, Texas.
July 17, 2012
Net quantitative benefits of Entergy Texas, Inc. (ETI) joining the Midwest ISO are "small," and compel the Public Utility Commission of Texas to consider, "the un-quantified risks and qualitative costs and benefits of the transaction, such as the potential costs of transmission and ramifications in…
July 12, 2012
Granting a complaint filed by FirstEnergy Solutions Corp., FERC ordered PJM to revise its rules governing the Auction Revenue Right (ARR) allocation process for transmission facilities that have been modeled as out-of-service for the entire year but which return to service for one or more months…
July 12, 2012
The Electric Reliability Council of Texas (ERCOT) has launched a new tool to help large electricity users make operational decisions based on anticipated electricity prices.
July 12, 2012
A group of capacity owners, desperate to overturn a FERC order addressing capacity obligations on load in the Midwest ISO market which the capacity owners oppose because it will not inflate capacity prices as desired, have now claimed FERC's order somehow "unduly discriminates" against retail choice…
July 11, 2012
Boston Pacific, consultant for the Maryland PSC, has filed several proposed modifications to the contract for differences between CPV Maryland and three of the state's utilities (Case 9214).
July 11, 2012
Calpine Corporation, on behalf of itself and its generation subsidiaries operating in the ERCOT wholesale market, has petitioned the Public Utility Commission of Texas for approval of a proposed Voluntary Mitigation Plan (VMP) which would govern Calpine's participation and operations in the ERCOT…
July 3, 2012
The Public Utilities Commission of Ohio has adopted a final state compensation mechanism that AEP Ohio may charge to retail suppliers as compensation for a supplier's use of capacity under the AEP Fixed Resource Requirement (FRR).
July 2, 2012
Texas Industrial Energy Consumers moved to dismiss the application for a voluntary mitigation plan (VMP) filed by NRG Texas Power and Staff of the Public Utility Commission of Texas, as TIEC argued that the Commission lacks authority to approve the plan.
July 2, 2012
Contrary to the spin offered by capacity owners, the Brattle report regarding ERCOT resource adequacy, "does not reject energy-only markets," the Texas Industrial Energy Consumers said in comments to the Public Utility Commission of Texas (40268), as TIEC also cautioned that transitioning to a…
July 2, 2012
A single paragraph in a FERC order regarding a complaint by DC Energy against PJM may, "unnecessarily restrict the ability of market participants to engage in physical forward transactions," the Financial Institutions Energy Group (FIEG) warned in a request for clarification concerning the…
June 28, 2012
The Public Utility Commission of Texas today approved an increase in the ERCOT high system-wide offer cap effective August 1, 2012 (Docket 37897).
June 25, 2012
FERC ordered that an inflation factor shall be applied to the Unit net Cost of New Entry (CONE) used in applying buyer-side mitigation to capacity sellers in the New York ISO ICAP mechanism, in ruling on a complaint filed by capacity suppliers (EL11-42).
June 25, 2012
Staff of the Public Utility Commission of Texas and IPR-GDF Suez Energy Marketing North America, Inc. have sought Commission approval of a Voluntary Mitigation Plan specifying how GDF Suez will be treated for enforcement purposes under P.U.C. Subst. R. 25.504(c) for the remainder of 2012, relating…
June 25, 2012
ERCOT's Technical Advisory Committee has made a preliminary recommendation to the Public Utility Commission of Texas for changes to the Power Balance Penalty Curve (PBPC).
June 22, 2012
Staff of the Public Utility Commission of Texas have filed a recommended proposal for adoption to establish the ERCOT high system-wide offer cap (SWOC) at $4,500 per megawatt-hour beginning on August 1, 2012, to be effective until a subsequent change by the Commission (37897).
June 19, 2012
Staff of the Public Utility Commission of Texas and NRG Texas Power, LLC, and its generation affiliates operating in the ERCOT market, have sought Commission approval of a Voluntary Mitigation Plan governing the offering practices that NRG can use when offering its generation resources into the…
