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January 31, 2011
In another order which will raise capacity costs for customers, this time in New York, FERC accepted with modifications the New York ISO's proposed tariff to reset the ICAP demand curves (ER11-2224).
January 31, 2011
The introduction of 1,800 MW of new capacity in the Pepco zone, which would bid into the Reliability Pricing Model at $0 due to a ratepayer-based long-term contract, would save PJM end users $1 billion annually in capacity payments, according to an analysis by the Independent Market Monitor.
January 27, 2011
Capacity prices in PJM must rise in order for new entrants to invest in generation, Exelon CEO John Rowe said during an earnings call yesterday.
January 21, 2011
The New York State PSC granted approval to NRG Astoria Power LLC for the construction of a 1,040 MW electric generating facility to replace an existing 600 MW facility located at an industrial site in Long Island City, New York.
January 21, 2011
FERC ruled yesterday that Columbus Southern Power and Ohio Power are not authorized to introduce a new formula rate to set the price paid for capacity by competitive retail suppliers under the AEP Ohio Fixed Resource Requirement (ER11-2183).
January 20, 2011
Rochester Gas and Electric has recommended that the New York PSC terminate its fossil generation divestiture plan, due to, "the unsatisfactory results in the indicative bid stage of the auction and the unattractiveness of the assets."
January 14, 2011
A transition from the Southwest Power Pool to ERCOT for customers of Sharyland Utilities currently in SPP would result in reduced rates for both residential and commercial and industrial customers, an analysis prepared by GDS Associates, Inc. concludes (PUCT Docket 39070).
January 12, 2011
AEP Ohio sought rehearing of the Public Utilities Commission of Ohio's order establishing a state compensation mechanism for capacity under the AEP Ohio Fixed Resource Requirement (FRR) plan, arguing that PUCO lacks such authority, and that PUCO's order infringes upon FERC's exclusive jurisdiction…
January 12, 2011
New England generators, with the support of ISO New England, are seeking to implement "knee jerk" changes to the Peak Energy Rent mechanism of the Forward Capacity Market which would retroactively cost load in excess of $100 million, retail and load suppliers said in protests at FERC (ER11-2427).
January 11, 2011
Notwithstanding the fact that several states in eastern forward capacity markets are racing to take any action to blunt or mitigate the pricing impacts from such markets, several generators filed a protest at FERC requesting that FERC impose strict deadlines for the Midwest ISO to implement…
January 11, 2011
ERCOT Seeks Dismissal of Wind Frequency Response Complaint ERCOT moved to dismiss a complaint at the PUCT from several wind generators relating to ERCOT's denial of exemptions from the frequency response requirements of Protocol 5.9.1.3, arguing that the generators are required to first seek…
January 11, 2011
New Jersey lawmakers overwhelmingly approved Monday evening a bill (S2381) which requires the Board of Public Utilities to acquire 2,000 MW of new capacity for the delivery year starting June 1, 2014 or June 1, 2015.
January 10, 2011
FERC Denies Rehearing on Elimination of Corporate Guarantees in ISO New England FERC denied rehearing of its July order which eliminated corporate guarantees as a form of credit in ISO New England (ER10-942). Several competitive retail and wholesale suppliers had sought rehearing, arguing that the…
January 7, 2011
San Diego Gas & Electric applied at the California PUC for authority to acquire the El Cajon Energy Facility from CalPeak Power for a total purchase price of $16.8 million, to be recovered in rates with an annual revenue requirement of $4.4 million in 2012 (A. 11-01-004).
January 6, 2011
PJM has sought approval at FERC to impose late payment fees on members failing to pay invoices in a timely manner, effective April 1, 2011.
January 5, 2011
PJM and the Midwest ISO have filed a proposed settlement at FERC to resolve all claims relating to several cross-complaints (Dockets EL10-45 et. al.) lodged by each RTO concerning the Joint Operating Agreement (JOA).
January 5, 2011
The New York ISO and New York Transmission Owners have asked FERC to approve several "criteria and considerations" for identifying a possible need for new capacity zones, and for triggering a requirement to further evaluate such potential zones (ER04-449 et. al.).
January 3, 2011
The New York ISO has filed with FERC proposed tariff amendments to revise provisions concerning the Market Power Mitigation Measures and the Market Monitoring Plan.
December 31, 2010
FERC approved PJM Settlement, Inc.'s request to guarantee the obligations of PJM and authorized other securities-related requests, dismissing protests from several competitive market participants (ES11-8).
December 31, 2010
ERCOT is reviewing up to $9 billion in transmission projects to maintain reliability and improve grid efficiency, ERCOT reported in an annual Electric System Constraints and Needs Report , which includes a five-year planning horizon.
December 31, 2010
FERC has re-prioritized initiatives designed to mitigate the impacts of Lake Erie loop flows, emphasizing interface pricing revisions and congestion management/market-to-market coordination agreements while removing buy-through congestion as a top priority (ER08-1281).
December 30, 2010
The Maryland PSC intends to issue a Request for Proposals for up to 1,800 MW of essentially new capacity to potentially be procured by the investor-owned electric distribution companies, under long-term contracts (Case 9214).
December 28, 2010
FERC's proposal to adopt an electric reliability standard requiring planning coordinators within ReliabilityFirst Corporation to analyze, assess, and document resource adequacy annually using a "one day in ten year" loss of load criterion exceeds FERC's authority under the Federal Power Act and…
December 28, 2010
The New Jersey BPU will hold a series of stakeholder meetings in early 2011 as it continues to evaluate the need for new capacity, BPU President Lee Solomon said in a statement.
December 27, 2010
The New York ISO has filed with FERC proposed tariff revisions to improve shortage pricing for its Regulation Service and Operating Reserves products by modifying the existing demand curves applicable to those products to better reflect the value of energy during shortage conditions and to improve…
