January 30, 2012
MISO Files Tariff to Implement Look Ahead Commitment
The Midwest ISO has filed with FERC tariff revisions to establish a Look Ahead Commitment tool, a near-term Resource commitment process in MISO's real-time markets.
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January 26, 2012
FirstEnergy Subsidiaries to Retire Six Power Plants
FirstEnergy Corp. announced this morning that its generation subsidiaries will retire six older coal-fired power plants located in Ohio, Pennsylvania and Maryland by September 1, 2012.
January 25, 2012
ERCOT Submits Protocol Revision Request for New Minimum Capitalization Requirements
ERCOT has submitted Nodal Protocol Revision Request (NPRR) 438, which would institute new minimum capitalization requirements applicable to market participants.
January 20, 2012
FERC Denies Retail Suppliers' Requested Cost Allocation in ISO-NE
FERC has denied the request of retail suppliers to allocate costs of demand response to Network Load during a transition period in which an interim set of rules to comply with Order 745 are in effect.
January 20, 2012
FERC Grants Rehearing to Determine Future Treatment of OOM Capacity in ISO-NE
FERC has granted rehearing on a single issue of its April order regarding ISO New England's Forward Capacity Auction (FCA), which largely addressed buyer-side market power, to determine how to treat Out of Market (OOM) resources carried forward under one set of rules under a new and different set of…
January 19, 2012
MISO to Lower Credit Requirements for LSEs Participating in Capacity Auction
The Midwest ISO has submitted tariff revisions to FERC to lower the credit requirements in the monthly Voluntary Capacity Auction (VCA) after determining that the current credit requirements are "excessive" based on historical pricing.
January 18, 2012
Calif. Draft Would Mandate New Nonbypassable Charge
A California PUC comment (draft) resolution would direct Pacific Gas & Electric, Southern California Edison, and San Diego Gas & Electric to negotiate to enter into a contract with Calpine's Sutter Energy Center to end no later than December 31, 2012, and would adopt a nonbypassable charge to pay…
January 13, 2012
PUCT Intends to Address System Wide Offer Cap, Peaker Net Margin By End of Summer
The PUCT intends to act on Commissioner Kenneth Anderson's "Category Three" issues relating to resource adequacy by the end of the summer, Commissioners agreed at yesterday's open meeting.
January 4, 2012
PUCT Staff Updates Estimate of ERCOT Capacity Used for Small Fish Swim Free Rule
PUCT Staff have posted in Project 39870 an updated estimate of the installed generating capacity in ERCOT, including the estimated total used for the "small fish swim free" market power exemption under P.U.C Subst. R. 25.504(c).
December 29, 2011
FERC Approves Change in Allocation of NYISO Costs
FERC has approved a change in the allocation of NYISO's budgeted annual operating costs and Commission-assessed regulatory fees among NYISO market participants, with the new allocation to be maintained for a period of at least five years.
December 29, 2011
FirstEnergy Solutions Asks FERC to Uplift Incremental Real-Time Congestion Charges to All Transmission Customers
FirstEnergy Solutions has petitioned FERC, in a complaint, to direct PJM to allocate incremental real-time congestion charges to all transmission customers (EL12-19).
December 26, 2011
MISO to Allow Additional Resources to Set Prices for Energy, Ancillary Services
The Midwest ISO has submitted tariff revisions which it said will enable block loaded Generation Resources, Generation Resources dispatched at limits, and Emergency Demand Response (EDR) resources to be eligible to set Day-Ahead and/or Real-Time prices for Energy and Ancillary Services.
December 23, 2011
MISO to Change Mitigation, Allocation of Revenue Sufficiency Guarantee Charges
The Midwest ISO has filed changes to tighten mitigation of payments to generators under Revenue Sufficiency Guarantee (RSG) charges, and also proposed a new allocation for RSG costs from voltage and local reliability issues.
December 23, 2011
RPM "Fixes" Designed to Ensure Higher Capacity Prices, Maryland PSC Says
Recent changes to the Reliability Pricing Model capacity mechanism filed by PJM are meant to inflate capacity prices, the Maryland PSC said in a protest at FERC.
December 20, 2011
N.J. Staff Recommend Options to Address Capacity Costs Which May Negatively Impact Retail Market
New Jersey should consider the possibility of creating a state power authority if ratepayer-backed long-term capacity contracts fail to clear the May 2012 and May 2013 Reliability Pricing Model auctions, New Jersey BPU Staff has recommended to the Board.
December 16, 2011
FERC Clarifies Demand Resources Not Always Entitled to Full LMP
FERC generally denied rehearing requests regarding Order 745, which ordered demand response to be paid the full LMP under certain conditions, but did clarify circumstances in which the full LMP shall not be paid to demand resources.
December 16, 2011
FERC: "Premature" to Fundamentally Redesign MISO Capacity Market
It would be "premature" to undertake a fundamental re-design of the Midwest ISO resource adequacy plan at this time, FERC said in denying rehearing on prior orders regarding the current "voluntary" monthly capacity auction in MISO (ER08-394).
December 15, 2011
FERC Orders Technical Conference on PJM Price Responsive Demand, Citing Allocation of PRD Credit
FERC has subjected PJM's price responsive demand (PRD) filing to the outcome of a technical conference and further Commission order (ER11-4628).
December 9, 2011
Anderson: Capacity Market "Not on the Table"
PUCT Commissioner Kenneth Anderson yesterday wished to make "crystal clear" to the resource community that a capacity market, "is not on the table" at this time, as the Commission examines various measures to assure resource adequacy in ERCOT.
December 9, 2011
PUCT Staff Proposed Modification to EILS Replacement Expands Eligibility
PUCT Staff have filed a draft proposal for publication concerning amendments to P.U.C. Substantive Rule 25.507, which would, among other things, expand the current Emergency Interruptible Load Service (EILS) program to include generation (39948).
December 9, 2011
PUCT Directs ERCOT to Study, Report on Amount of RRS, RUC Floor
PUCT Commissioners yesterday directed ERCOT to study several measures meant to ensure that proper price signals are sent in the energy-only market, including the amount of Responsive Reserve Service (RRS), and the floor for energy bids for units that are committed under Reliability Unit Commitment…
December 8, 2011
Briefly
ERCOT Requires Additional Time for Monticello RMR Determination
December 6, 2011
PUCT's Anderson Remains Skeptical of Capacity Markets
PUCT Commissioner Kenneth Anderson express continued skepticism of capacity markets during a conference call with UBS Investment Research this afternoon.
December 5, 2011
ERCOT Files NPRR Regarding Procurement, Deployment of Resources to Address Emergency Conditions
ERCOT has filed Nodal Protocol Revision Request (NPRR) 432 to institute parameters governing ERCOT's procurement and deployment of Resources that may be used to alleviate imminent Emergency Conditions in a manner not otherwise delineated in the Protocols and Operating Guides, specifically, in taking…
December 5, 2011
ERCOT Credit Work Group to Discuss Minimum Capitalization Requirements
ERCOT's Credit Work Group will discuss today draft minimum market participation standards, which include minimum capitalization requirements, and are similar to those recently required at other RTOs by FERC.