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March 16, 2012
Despite the clear and plain language of the PJM tariff, whose meaning has already been confirmed by FERC, PJM suggests that FERC has a role in determining the state compensation mechanism to price capacity provided by Fixed Resource Requirement entities to competitive retail suppliers.
March 15, 2012
An Ohio attorney examiner has established a procedural schedule to determine a state compensation mechanism for capacity provided by AEP Ohio to retail suppliers, while the Retail Energy Supply Association sought rehearing of PUCO's decision to grant AEP Ohio interim relief with respect to capacity…
March 14, 2012
More than 93 percent of the total revenue paid by customers under the PJM Reliability Pricing Model has gone to the owners of existing power plants, the American Public Power Association said in a recent issue brief .
March 12, 2012
The New York ISO, "plans to revisit the possibility of evaluating the need for new capacity zones (NCZs) more frequently as it progresses through the first process cycle to evaluate and establish a new zone," but, at this time, believes that an annual examination and implementation of new capacity…
March 8, 2012
FirstEnergy Generation Corp., a subsidiary of FirstEnergy Corp., has filed an application for a feasibility study with PJM Interconnection (PJM) to install and interconnect to the transmission system approximately 800 megawatts (MW) of new combustion turbine peaking generation at its existing…
March 7, 2012
PJM has filed revisions to its operating agreement to reflect the permanent termination of Grunwald Fund, LP as a PJM Member in accordance with Sections 15.1.6(c) and 4.1(c) of the operating agreement.
March 7, 2012
Public Utility Commission of Texas Chairman Donna Nelson and Commissioner Kenneth Anderson have both proposed raising the System Wide Offer Cap in ERCOT to as high as $7,500/MWh, but disagree on whether any incremental change should occur for the summer of 2012.
March 6, 2012
FERC has rejected a request from the PJM Independent Market Monitor for "clarifications" to the PJM Minimum Offer Price Rule in the capacity market, as FERC found the request to be an untimely request for rehearing.
March 6, 2012
Some 36.7% of AEP Ohio's load has switched or the associated customers have indicated the intention to switch as of March 1, 2012, AEP Ohio said in a filing with PUCO in support of its request for relief from providing capacity to all competitive load at the RPM price.
March 2, 2012
ERCOT has awarded the Request for Proposal for a study to examine resource adequacy incentive factors, and factors that influence investment decisions for generation, to the Brattle Group, Inc.
March 1, 2012
FirstEnergy Solutions has opposed AEP Ohio's motion to reinstate the bifurcated capacity pricing mechanism applicable to retail suppliers, while AEP Ohio has asked FERC to expedite ruling on its complaint concerning the state compensation mechanism for capacity pricing.
March 1, 2012
The Electric Reliability Council of Texas has released a preliminary summer resource adequacy assessment, in which ERCOT said that it will not likely need to issue rotating outages, unless there are a higher-than-normal number of forced generation outages or record-breaking weather conditions…
March 1, 2012
The Public Utilities Commission of Ohio has ordered Cleveland Electric Illuminating, Ohio Edison, and Toledo Edison to take actions to mitigate expected capacity price increases in the Reliability Pricing Model due to the retirement of certain units owned by FirstEnergy's generation subsidiaries.
February 29, 2012
GenOn Energy, Inc. said today that it expects to deactivate 3,140 MWs of generating capacity in PJM between June 2012 and May 2015 because forecasted returns on investments necessary to comply with environmental regulations are insufficient.
February 28, 2012
Notwithstanding a Public Utilities Commission of Ohio order revoking approval of a non-unanimous stipulation governing AEP Ohio's electric security plan (ESP), including terms relating to the capacity charge applicable to retail suppliers, AEP Ohio is seeking to implement the terms of the now…
February 24, 2012
The PUCT yesterday granted an appeal brought by two financial marketers concerning ERCOT's decision to resettle Operating Days December 1, 2010 through February 1, 2011, reversing the ERCOT Board decision to resettle the LMPs and settlement price points (Docket 39433).
February 24, 2012
PUCT Chair Donna Nelson is, "definitely in favor of increasing the System Wide Offer Cap" and "tweaking" the Power Balance Penalty Curve, Nelson said during a resource adequacy workshop held by the Commission yesterday.
February 22, 2012
A proposed California PUC decision would find that there is no need for additional generation by 2020 at this time, and would refine the process to compare competitive offers to build new generation with utility owned generation.
February 21, 2012
PUCT Staff have filed a draft proposal for adoption for rules concerning energy storage, including a change from the proposal for publication concerning storage's obligation to share in the cost of ancillary services (Project 39917).
February 17, 2012
FERC approved a settlement adjusting the capacity price under the California ISO's Capacity Procurement Mechanism (CPM), and other terms of the mechanism (ER11-2256).
February 16, 2012
The Commodity Futures Trading Commission's desire to assert jurisdiction over power markets suggests that a broad end-user exemption from the Frank-Dodd regulations for the energy sector, "is less of a possibility," analysts at UBS Securities said in a research note to clients.
February 13, 2012
Calpine has recommended to the PUCT that "the obligation to serve" be "placed on the table for discussion" as the Commission contemplates resource adequacy.
February 13, 2012
It is becoming increasingly clear that the biggest threat to retail customer choice is not regulators, legislators, incumbent utilities, or consumer advocates, but rather the owners of formerly incumbent generating assets, who now seek to foreclose the retail market after successfully stopping the…
February 10, 2012
Calpine said this morning that it is evaluating adding at least 550 MW of new capacity in ERCOT.
January 31, 2012
FERC accepted several changes to the Reliability Pricing Model tariff which will act to raise capacity prices, but ordered hearing and settlement procedures regarding the Cost of New Entry (CONE).
