June 30, 2017
Trump Nominates Senate Committee Counsel, Former Utility VP To FERC
President Trump nominated Richard Glick to serve as Commissioner of the Federal Energy Regulatory Commission for the remainder of a 5-year term expiring June 30, 2022.
FERC
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June 22, 2017
PSNH Discloses Buyer For Wyman Unit 4 Generating Station
Public Service Company of New Hampshire has sought FERC approval for a transaction under which it would sell its 3.1433% undivided ownership interest as a tenant in common in W.F. Wyman Station – Unit 4 to a unit of NextEra Energy, which currently owns 84% of Wyman Unit 4.
May 30, 2017
Update: Crius Energy Trust To Acquire U.S. Gas & Electric
Update, 5/31: MVC Capital, Inc., the parent of U.S. Gas & Electric, Inc., said that the Crius Acquisition (first reported yesterday, see below) was determined to be superior to the Equus transaction announced last month.
May 9, 2017
Trump Will Nominate Retail Choice Proponent Robert Powelson To FERC, Along With Neil Chatterjee
The Trump administration said yesterday that it will nominate Robert Powelson and Neil Chatterjee to FERC to serve as commissioners.
May 1, 2017
FERC Commissioner Honorable Won't Serve Second Term (Terms End June 30)
FERC Commissioner Colette Honorable announced that she will not pursue another term on the Commission
April 25, 2017
Dynegy Acquiring Greater Shares Of Two More Ohio Power Plants, To Result In Full Ownership
Dynegy has entered into an agreement to acquire from AES subsidiaries greater shares in two Ohio generating stations, which would result in Dynegy being the sole owner of the two plants.
March 22, 2017
Retail Suppliers Seek Clarification Of Proposed Language Requiring Suppliers To Provide Photo ID Of "Each" Sales Rep To PSC (Not Just Door-to-Door), Other Vague Proposals
Retail suppliers have sought clarification of certain language in proposed electric supplier licensing regulations in the District of Columbia, including vague language concerning sales agent photo ID requirements
March 1, 2017
With MISO Auction Changes Rejected, Michigan Seeks Comment On Adopting State Reliability Mechanism, Capacity Charges For Retail Suppliers
The Michigan Public Service Commission is seeking comment on how to proceed in light of the Federal Energy Regulatory Commission’s Feb. 2 order rejecting the Midcontinent Independent System Operator’s proposal to establish a three-year forward capacity auction specific to retail choice states.
February 22, 2017
PSC Proposes To Place Five-year Expiration On Supplier Licenses, Require Renewals; Language Could Be Interpreted As Requiring Photo ID For "Each" Sales Rep (Not Just Door-to-Door)
The District of Columbia PSC has issued a revised set of proposed rules for electricity supplier licensing standards.
February 16, 2017
ESCO Calls Discovery Process In N.Y. Evidentiary Review of Mass Markets, "Unfair"
Citing the lack of a protective order which would allow all parties to receive discovery responses and develop testimony based on such responses, Family Energy, Inc. said in a February 10 filing with the New York PSC concerning the PSC's evidentiary review of the retail energy markets that, "it is…
February 3, 2017
FERC Rejects MISO Forward Capacity Market For Retail Choice Areas
Use of State-Determined Capacity Payment For Michigan Retail Suppliers Implicated
FERC has rejected the Midcontinent ISO's proposal to create a three-year forward capacity auction specific to those areas of MISO with retail choice (often called the "competitive retail solution" or CRS)
February 3, 2017
FERC OKs Dynegy Purchase Of GDF Suez Generation, Divestiture Proposal
FERC has approved a transaction under which Dynegy will acquire 9,017 megawatts of generation capacity from Engie (f/k/a GDF Suez), accepting the mitigation proposal from Dynegy
February 2, 2017
Generator To Pay $36,000 Under FERC Settlement
FERC approved a settlement between its Office of Enforcement and Covanta Haverhill Associates LP under which Covanta Haverhill Associates will pay a civil penalty of $36,000.
February 2, 2017
Power Marketer To Pay $41 Million Penalty Under FERC Settlement, Disgorge $40.8 Million
FERC approved a settlement between its Office of Enforcement (Enforcement) and GDF SUEZ Energy Marketing NA, Inc. (GSEMNA) under which GSEMNA will pay a civil penalty of $41 million and disgorge $40.8 million.
January 30, 2017
LaFleur: FERC Working To Issue Orders While Quorum Still Present
FERC, "is working to get as many orders out as we can in the time we have left with a quorum," Acting FERC Chairman Cheryl LaFleur said in a statement
January 30, 2017
New PJM Task Force To "Assess" State Actions On Resource Adequacy, Generation, Impact on RPM Capacity Market
PJM's stakeholders have created the Capacity Construct/Public Policy Senior Task Force, which will report to the Markets and Reliability Committee
January 27, 2017
Norman Bay Resigns From FERC, Trump Names LaFleur Acting Chairman
President Trump named Cheryl LaFleur Acting Chairman of FERC
January 26, 2017
Parent of U.S. Retail Supplier To Be Acquired By Canadian Utility, Retail Supplier Holding. Co.
WGL Holdings, Inc., the parent of retail supplier WGL Energy, and AltaGas Ltd. announced that the Boards of Directors of both companies have unanimously approved a definitive agreement and plan of merger for WGL Holdings to be acquired by AltaGas in an all cash transaction for approximately $6.4…
January 20, 2017
FERC Orders Changes To PJM FTR Forfeiture Rule With Respect To Virtual Transactions
FERC issued an order finding that PJM’s current application of its Financial Transmission Rights (FTR) forfeiture rule to virtual transactions is no longer just and reasonable.
January 20, 2017
FERC Issues Policy Statement Allowing Storage To Receive Cost-Based, Market-Based Compensation Concurrently
The Federal Energy Regulatory Commission (FERC) issued a policy statement providing additional guidance for electric storage resources that seek to concurrently recover their costs through cost-based and market-based rates.
January 20, 2017
Over Objection of Retail Suppliers, FERC Grants Complaint To Immediately Reduce Capacity Market Clawback (Peak Energy Rent) In New England
FERC granted in part a complaint filed by generators and found that ISO New England's Peak Energy Rent (PER) mechanism, which is a form of capacity market revenue clawback paid to load, is no longer just and reasonable. FERC ordered immediate changes to the PER strike price
January 20, 2017
FERC Seeks To Allocate Uplift To Market Participants Who Are "Reasonably Expected" To Have Caused Uplift
Costs To Be Allocated To Entities Which Deviate From Their Day-Ahead Market Schedules
The Federal Energy Regulatory Commission in a NOPR is proposing to revise its regulations to require that each regional transmission organization (RTO) and independent system operator (ISO) that currently allocates the costs of real-time uplift due to deviations shall allocate such real-time uplift…
January 10, 2017
Marketing, Telecom Entrepreneur Launching New Retail Supplier
Start-up National Choice Energy LLC has filed for a Michigan electric supplier license and also sought market-based rate authorization at FERC, stating an intent to act as a power marketer, purchasing electricity and reselling it to retail customers and to wholesale entities to balance load…
January 6, 2017
Demand Response Alliance Says New Reports Show Moving To 100% Capacity Performance In PJM Will Waste Billions Of Consumer Dollars Without Benefit (Files FERC Complaint)
Citing new analyses prepared by PJM, the Advanced Energy Management Alliance said that the transition to a 100% capacity performance procurement as scheduled in the May 2017 PJM Base Residual Auction is not just and reasonable, as the Alliance filed a complaint at FERC requesting that FERC order…
January 3, 2017
Subsidiary of Submetering Company To Seek Retail Supplier Licenses, Act As Supplier
NEP Energy Services, Ltd., a wholly owned subsidiary of Nationwide Energy Partners, LLC, applied for market-based rate authorization at FERC and stated that it intends to act as a retail supplier