July 26, 2011
FERC Approves CAISO Virtual Award Charge
FERC approved the California ISO's proposed level of its virtual award charge, which applies to scheduling coordinators engaged in convergence bidding (ER11-2128 et. al.)
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July 25, 2011
PJM "Will" Propose Voluntary Capacity Auction With Longer Commitment Period
PJM said in a FERC filing that it "will" propose a New Entry Price Adjustment (NEPA) alternative under which PJM would operate a voluntary capacity auction that would allow suppliers to submit offers to sell standardized multi-year contracts in excess of three years (ER11-2875).
July 25, 2011
CMP, BHE Propose Selling Output from Long-Term Contracts in Wholesale Market, Applying Impact to All Customers
Central Maine Power and Bangor Hydro-Electric have both recommended selling the energy associated with new long-term contracts with renewable energy facilities into the wholesale market, with any costs or benefits applicable to all customers (Docket 2011-222).
July 22, 2011
FERC Opens Ratepayer Wallets to Fund Transmission Subsidization
FERC yesterday adopted a final rule on transmission cost allocation clearly aimed at socializing greater amounts of transmission costs over a wider number of retail customers (RM10-23).
July 22, 2011
Questions on Capacity Costs High on Entergy Texas Stakeholders' Minds
In preparation for a July 28 PUCT workshop on issues related to the proposed integration of Entergy Texas (ETI) into the Midwest ISO, and issues related to several of the operating companies' exit from the Entergy system agreement, stakeholders submitted questions to Entergy to be addressed at the…
July 22, 2011
FERC Reverses Refund Order Regarding Marginal Loss Cost Allocation at PJM
FERC ruled in favor of Integrys Energy Services and, on rehearing, found that refunds originally ordered to be paid to parties engaged in certain virtual transactions in PJM, due to a change in the allocation of marginal line loss surpluses, shall now no longer be paid to such virtual traders…
July 21, 2011
Clean Currents: PJM Credit Changes Solidify "Dominance" of Large Incumbents
Various proposals from PJM regarding increased credit requirements, in response to the FERC RTO credit "reform" order, will not help avoid the intended moral hazard or limit risk, and are instead, "just market barriers that solidify the dominance of large incumbent players," CCES LLC said in…
July 21, 2011
MISO Capacity Obligation Tariff Filing Laves Price Paid for Switched Load Unanswered
The Midwest ISO's formal tariff filing at FERC to implement revisions to its Module E resource adequacy construct, including the creation of an annual commitment period and central auction with opt-out provisions, still leaves many questions unanswered regarding the interaction of various elections…
July 20, 2011
ERCOT CEO Warns of Generation Shortage from EPA Cross-State Rule
"Texas could face a shortage of generation necessary to keep the lights on in Texas within a few years," if the U.S. EPA's Cross-State Rule is implemented as written, ERCOT CEO H.B. "Trip" Doggett said in a statement yesterday.
July 14, 2011
Energy Curtailment Specialists Seeks Changes to Maryland Gap RFP Contracts Due to Shortage in Meeting Obligations
Energy Curtailment Specialists, Inc. has petitioned the Maryland PSC to amend its demand response capacity agreements with Pepco and Delmarva Power, after failing to obtain the required capacity resources under the contracts for the 2011-12 delivery year at each of the utilities.
July 14, 2011
Luminant Considers Mothballing Capacity due to EPA Rules
Luminant said in an SEC filing yesterday that it is considering mothballing certain of its legacy lignite/coal-fueled generation due to the EPA's Cross-State Air Pollution Rule (CSAPR).
July 12, 2011
BHE, National Grid Dismiss Concerns Regarding PPAs with Participants in Participant Funded Transmission Line
Bangor Hydro-Electric Company and National Grid Transmission Services Corporation have sought a declaratory order from FERC affirming that a participant funded transmission line, to be subscribed by First Wind Holdings, Inc., meets the Commission's policy and precedent (EL11-49).
July 11, 2011
PUCT Directs ERCOT to Study Potential Adjustments to Offer Curves When Non-Spin, RUC Deployed
The PUCT has directed ERCOT to examine potential adjustments to the offer curves when Non-Spin or Reliability Unit Commitment is deployed for reliability purposes, to preserve scarcity pricing signals.
July 7, 2011
Complaint by N.Y. Capacity Suppliers Would Deprive Load of Full Benefits of Competition
The, "full benefits of competitive markets would not be allowed to materialize," if FERC were to grant a complaint from several generators against the New York ISO regarding the implementation of existing buyer-side mitigation rules in the ICAP market, the New York PSC said (EL11-42).
July 5, 2011
ISO New England to Require Market Participants to Demonstrate $1 Million in Tangible Net Worth
Market participants in ISO New England would be required to have an investment grade credit rating, maintain a minimum tangible net worth of $1 million, or maintain a minimum of $10 million in total assets under proposed new minimum participation requirements proposed by ISO-NE.
July 5, 2011
NYISO to Require Market Participants to Demonstrate $1 Million in Tangible Net Worth
New York ISO's proposed capitalization requirement for market participants would require market participants to demonstrate, based on their most recent audited financial statements, either $10 million in assets or $1 million in tangible net worth.
July 4, 2011
FERC Rules in Favor of MISO in MISO-SPP JOA Dispute Crucial to Entergy Integration
FERC has ruled in favor of the Midwest ISO in an interpretation of the MISO-Southwest Power Pool Joint Operating Agreement (JOA) which is critical in the proposed integration of Entergy into MISO as a transmission owner (EL11-34).
July 1, 2011
PUCT Identifies Two Near-Term Actions to Address Energy-Market Pricing Effects from Ancillary Deployment
The PUCT has focused attention on two relatively near-term solutions to reduce the pricing effects that various ancillary service deployments have on energy market prices in ERCOT. Specifically, such deployments tend to depress energy prices, reducing scarcity prices needed to incent new investment.
July 1, 2011
Proposed PJM Minimum Criteria for Market Participation Said to Drive Small Players Out of Market
PJM has proposed two sets of minimum participation criteria which market participants would be required to meet in order to participate in the PJM market, which small firms have said will drive them out of the market.
June 30, 2011
ERCOT Generators Plea for "Help" from PUCT
Calls for various changes in the ERCOT energy-only market design amount to generators seeking "help" from the PUCT in building new generation.
June 29, 2011
Briefly
Integrys Energy Services Seeks FERC Action on SECA Rehearing, Compliance Filings
June 28, 2011
ERCOT Conditions Yesterday Prompt Oncor to Call Curtailable Load
ERCOT yesterday entered Energy Emergency Alert Level 1 for about an hour and a half, which prompted Oncor (independently of the ERCOT process) to initiate its first unscheduled curtailment order under the voluntary Commercial Load Management program.
June 28, 2011
ISO-NE Forward Capacity Auction Again Hits Price Floor
The ISO New England Forward Capacity Auction for the 2014-2015 delivery year cleared at the floor price of $3.209 per kW-month.
June 27, 2011
PJM Seeks to Ease Quorum Requirements
PJM has filed revisions to its operating agreement to lower the quorum requirement for any meeting of the PJM Members Committee.
June 24, 2011
Majority of New England Customers Oppose Capacity Markets
More than half of New England customers are opposed to government intervention in resource adequacy, according to a recent survey conducted for the New England Energy Alliance.