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December 29, 2016
FERC has set for hearing proposed changes to capacity obligations in the Northern Maine Independent System Administrator, Inc., stating that the sought changes have not been shown to be just and reasonable
December 29, 2016
Dynegy has proposed to divest generation in response to a FERC order requiring mitigation of Dynegy's proposed acquisition of 8,731 megawatts of generation capacity from Engie (f/k/a GDF Suez)
December 23, 2016
Divestiture Or Other Mitigation Measures Must Be Proposed
FERC issued an order finding that a transaction under which Dynegy would acquire 8,731 megawatts of generation capacity from Engie (f/k/a GDF Suez) raises competitive concerns in certain capacity market local deliverability areas, and conditioned approval of the acquisition on mitigation
December 16, 2016
The Michigan Senate and House have passed a revised version of SB 437, which Gov. Snyder has indicated he will sign, that permits the PSC to reduce the electric choice cap to below 10% under certain circumstances, and revises the previously proposed capacity obligations to be imposed on retail…
December 5, 2016
FERC issued a Staff Notice of Alleged Violation against GDF SUEZ Energy Marketing NA, Inc. stating that, "the staff of the Office of Enforcement of the Federal Energy Regulatory Commission has preliminarily determined that GDF SUEZ Energy Marketing NA, Inc. (GSEMNA) violated the Commission’s…
December 2, 2016
The Public Utility Commission of Texas ordered that AEP Texas file a study concerning the potential introduction of consolidated rates for its AEP Texas Central and AEP Texas North division, which, as adopted by the PUCT yesterday, will be merged into a single entity
November 30, 2016
FERC has approved a temporary waiver sought by the Midcontinent ISO to allow resources with incremental energy costs above the current $1,000/MWh offer cap to include those costs in the No Load component of their supply offers during the December 1, 2016, through April 30, 2017 period
November 28, 2016
Agera Energy LLC, Aequitas Energy Inc., and energy.me midwest llc (Applicants) applied for FERC approval of a transaction under which Agera P&G Capital, LLC will acquire a 100% voting equity interest in the parent of the Applicants, Agera Holdings LLC, which directly and indirectly owns all Class A…
November 18, 2016
FERC has adopted a hard cap of $2,000/MWh for the energy markets in all the FERC-jurisdictional RTOs, with offers up to $2,000/MWh permitted to set LMP, and offers in excess of $2,000/MWh also permitted but with offers in excess of $2,000/MWh not setting LMP and addressed instead through make-whole…
November 3, 2016
FERC granted Stanford University Power market-based rate authority
November 2, 2016
Alleging an, "Imminent Reliability Risk In Retail Choice Areas," the Midcontinent ISO filed at FERC for approval of its proposed capacity market changes that would impose a three-year forward capacity obligation on retail suppliers in Zone 4 (Illinois) and Zone 7 (Michigan Lower Peninsula).
October 26, 2016
Court Laments "Questionable" Decision By Then-FERC Chair To Disclaim Authority Over Auction Results
The U.S. Court of Appeals for the D.C. Circuit said in an order that it lacks authority to review deadlocked FERC decisions, in finding that it cannot review a deadlocked FERC which allowed the results of the 2014 ISO New England Forward Capacity Auction (FCA 8, for 2017/18 delivery year) to stand
October 21, 2016
A complaint filed at FERC by the New England Power Generators Association, Inc. seeking to terminate the Peak Energy Rent (PER) rebate, a key feature of the ISO-NE capacity market, effective September 30, 2016 would harm retail suppliers, the Retail Energy Supply Association said in comments at FERC…
October 20, 2016
On Oct. 18, 2016, the PJM Board of Managers approved the Members Committee-endorsed proposal for a new composite "stated rate" of 36 cents per megawatt-hour for two years (2017 and 2018), and then a 2.5 percent annual increase to 41 cents per MWh in 2024, to recover administrative costs
October 18, 2016
NEM: Billions of Dollars Saved by Texas Energy Consumers
"The National Energy Marketers Association (NEM) is pleased to hold its 2016 Policy Leadership Roundtable in Austin, Texas to honor the industry leaders who have set a national standard of excellence in electricity market structure, as well as, competitively offered consumer energy and technology…
October 12, 2016
FERC issued an order requiring refunds resulting from the prior payment to Midwest Generation, LLC for reactive service from generating units which had been deactivated and therefore did not provide such service despite being paid for such service
October 7, 2016
With a bidder confidentiality period now expired, the Maine PUC has released an order setting Standard Offer rates for residential and medium non-residential customers at Maine Public Service (Emera Maine – Maine Public District).
October 3, 2016
A PSEG subsidiary has named Thomas Chamberlin as Managing Director – Retail Energy, PSEG Energy Solutions LLC, PSEG's newly created retail supplier, disclosed in a regulatory filing
September 27, 2016
FERC approved a settlement between its Office of Enforcement (Enforcement) and Maxim Power Corp. (Maxim), Maxim Power (USA), Inc., Maxim Power (USA) Holding Company Inc., Pawtucket Power Holding Company, LLC, and Pittsfield Generating Company (Maxim Respondents), to resolve Enforcement Staff’s…
September 21, 2016
Retail Suppliers Would Be Required to Pay State Capacity Charge or Use Fixed Resource Adequacy Plan
The Michigan Governor's office has provided more details concerning an agreement between the state and Midcontinent ISO concerning the use of the state compensation mechanism to address resource adequacy in the state.
September 15, 2016
U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad has written in a letter to U.S. Senator John Boozman that Massad plans to recommend to his colleagues that the CFTC, "exempt RTOs and ISOs from all private rights of action under Section 22 of the Commodity Exchange Act ('CEA")…
September 14, 2016
American Electric Power announced today that it has signed an agreement to sell four competitive power plants totaling approximately 5,200 megawatts (MW) for approximately $2.17 billion to a newly formed joint venture of Blackstone and ArcLight Capital Partners LLC
September 13, 2016
A change to the treatment of imports in ISO New England's capacity market could expose an "inefficiency" in the New York ISO capacity market that could raise capacity prices for load by $340 million, the New York ISO and New York PSC warned in separately filed comments at FERC.
September 13, 2016
BioUrja Power, LLC has submitted an application to the United States Department of Energy's Office of Electricity Delivery & Energy Reliability for authorization to transmit electric energy from the United States (including from ERCOT) to Mexico
September 12, 2016
Would "Preserve" Revenue Streams For Generators That Relied on Incorrect Clearing Price (Uplift?)
