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November 2, 2012
Exelon has cut its outlook for retail supply volumes and margins from an earlier forecast in response to, "aggressive competition and pricing," Exelon CEO Chris Crane said during an earnings call yesterday.
October 29, 2012
FERC granted Exelon and Constellation NewEnergy, Inc. a limited, one-time waiver of section 37.11.1 of the California Independent System Operator Corporation (CAISO) tariff that was in effect prior to October 1, 2011, to avoid a penalty of $282,000 for untimely submission of settlement meter data.
October 24, 2012
Eager to have their desired mandatory capacity market meet the Public Utility Commission of Texas' approval, several capacity owners in ERCOT said that they agree with Brattle's recommendation that a Minimum Offer Price Rule (offer floor) would not be required in ERCOT's capacity market, before…
September 11, 2012
A contractual pass-through by retail electric providers to customers of charges meant to assure the reliability of the electric grid, "cause customer confusion and frustration," a group of retail suppliers have said.
September 7, 2012
An overview of how imposing capacity obligations on retail electric providers in Texas will inevitably lead to the demise of independent retail electric providers not subsidized by mandatory capacity payments
September 4, 2012
Several ERCOT generators have asked the Public Utility Commission of Texas to abandon the state's free market in exchange for a command and control approach to electricity under which the ultimate price of electricity would be driven, in large part, by the outcome of computer models and forecasts…
August 21, 2012
Exelon Corporation today announced that it has closed on the sale of its ownership share of five California power plants -- a total of 70 megawatts (MW) of generating capacity - to Tokyo-based IHI Corporation.
August 9, 2012
Exelon today announced that it has reached an agreement to sell its three Maryland coal-fired power plants to Raven Power Holdings LLC, a new portfolio company of Riverstone Holdings LLC, fulfilling its commitment to divest the plants as part of its merger with Constellation.
August 2, 2012
Ohio Sets Workshop on Payment Priority for Consolidated Bill Receivables
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 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…
June 12, 2012
FERC accepted, with modifications, revisions to the Midwest ISO's Module E resource adequacy construct, and while FERC improved in some territories MISO's original proposal with respect to the assignment of capacity obligations to retail suppliers in retail choice environments, FERC's approved…
June 5, 2012
Constellation NewEnergy, Inc. and its parent corporation, Exelon Generation Company, LLC have signed, as non-opposing parties, a stipulation to implement the FirstEnergy Ohio utilities' sought third electric security plan (ESP 3), after the FirstEnergy EDCs agreed to make certain data available to…
May 22, 2012
"[E]xtraordinary uncertainty about future market conditions and prices," in the American Transmission Systems Inc. zone, in which the FirstEnergy Ohio distribution companies are located, augurs against the use of 36-month supply contracts procured in October 2012 and January 2013 to serve default…
May 9, 2012
Maryland PSC Chairman Douglas Nazarian said that he needs to be assured that the Commission wasn't "duped" in approving the merger of Exelon and Constellation Energy, after the merged company violated market power mitigation conditions contained in the merger order relating to its generating plants.
May 3, 2012
The Illinois Power Agency has posted results from the recent default service procurements at Commonwealth Edison (energy only) and Ameren (energy and capacity).
April 24, 2012
Day-ahead and real-time energy prices in PJM were inflated by at least $141,000 during a two-week period in which mitigation was not applied to several Constellation Energy units as required under a Maryland PSC order, while total excess revenues to Exelon resulting from what the company called an…
April 13, 2012
The Maryland PSC has ordered Exelon to show cause why the Commission should not conclude that Exelon violated the terms of the PSC's order approving its merger with Constellation after Exelon reported that it "inadvertently violated" (as the PSC described Exelon's characterization) market power…
April 13, 2012
The Maryland PSC has directed three of the state's investor-owned utilities to enter into a Contract for Differences to support construction of a 661 megawatt natural gas-fired combined-cycle generation plant in Charles County, Maryland, with all costs or benefits associated with the CfD borne…
March 29, 2012
The Pennsylvania Public Utility Commission (PUC) this morning rejected a proposed settlement agreement between the Commission's Law Bureau Prosecutory Staff (now the Bureau of Investigation and Enforcement) and MXEnergy, a PUC-licensed electric generation supplier, over the company's marketing…
March 28, 2012
Exelon Energy and FirstEnergy Solutions, in separately filed comments, have protested the Pennsylvania PUC's proposed rule [§ 54.122(3)(v)] that an electric generation supplier, "may not have the same or substantially similar name or fictitious name as the electric distribution company or its…
March 26, 2012
Liberty Power Announces Lowest 12-Month Rate at ComEd Not Requiring Online Enrollment
March 12, 2012
Exelon Corporation and Constellation Energy have completed their merger, effective today, in the wake of FERC's approval of the transaction on Friday.
March 1, 2012
Payless Power Launches Online Payment System
February 20, 2012
The Maryland PSC conditionally approved the merger of Exelon and Constellation Energy on Friday, with additional provisions relating to market power.
