November 30, 2015
NRG To Sell Pennsylvania Power Plant
NRG Wholesale Generation LP plans to sell its Seward Generating Station, it said in a FERC filing
FERC
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November 23, 2015
FERC Rejects Retail Suppliers' Concerns Over MISO Capacity Market
FERC rejected several concerns raised by retail suppliers in accepting a compliance filing concerning the Midcontinent ISO's capacity market
November 20, 2015
FERC Orders Virtual Marketers To Payback, With Interest, Refunds Received Under FERC's Prior "Erroneous" Order
FERC, in an order on remand, ruled that virtual marketers should be required to repay refunds, with interest, that FERC had previously granted to the marketers but which FERC later rescinded, in order to put the parties back in the positions in which they would have found themselves if the…
November 20, 2015
FERC Denies States' Complaint To Cease Use of Outdated Forecast Model in PJM Capacity Market Which States' Say Costs $600 Million
FERC denied a complaint from a coalition of consumer representatives, including the New Jersey Board of Public Utilities and Delaware Public Service Commission, which had requested that FERC direct PJM to update its 2015 PJM Region Peak Load Forecast values, for purposes of the Capacity Performance…
November 20, 2015
Keep Pumping: FERC Requires Reports on 'Price Formation' in RTOs
The Federal Energy Regulatory Commission said in a news release yesterday that it, "took another step today to address price formation by directing regional grid operators to submit reports on price formation in their energy and ancillary services markets."
November 11, 2015
FERC Sets Technical Conference On New Affiliate, Reporting Rules That Retail Suppliers Had Called A, "Substantial New Burden"
FERC has granted a request to convene a technical conference and to postpone the comment deadline on new proposed reporting rules to be imposed on all RTO market participants that have been said by retail suppliers to, "impose a substantial new reporting burden," on such participants.
November 6, 2015
Pennsylvania Utility With Choice Program To Be Sold
Consolidated Edison, Inc. disclosed in a 10-Q that, in October 2015, upon evaluating strategic alternatives, its Orange & Rockland (O&R) subsidiary entered into an agreement to sell Pike County Light & Power Company to Corning Natural Gas Holding Corporation for $16 million, including estimated…
November 1, 2015
Retail Suppliers, Customers Seek Technical Conference on "Substantial New Burden" Sought By FERC
A diverse group of entities, including retail suppliers, generators, and end users, pressed FERC to hold a technical conference on new reporting rules to be imposed on all RTO market participants that, "impose a substantial new reporting burden," on such participants
October 26, 2015
FERC Enforcement Staff Alleges Generator Engaged in Manipulation By Concealing Outages
FERC issued a Staff Notice Of Alleged Violations stating that, "in a nonpublic investigation pursuant to 18 CFR Part 1b (2015), the staff of the Office of Enforcement of the Federal Energy Regulatory Commission has preliminarily determined that Berkshire Power Company LLC (Berkshire) and Powerplant…
October 23, 2015
Parent of Retail Supplier To Sell Power Plant in PJM
Talen Energy Corporation announced that it reached an agreement to sell the 399-megawatt C.P. Crane coal-fired power plant in Baltimore, Maryland to an affiliate of Avenue Capital Group.
October 19, 2015
PSC In Choice State Raises Concern With Resources Expended In Utility-Offered Demand Response Program
Noting changes in and uncertainty with demand response compensation in the PJM wholesale markets, the District of Columbia raised, "concern," with respect to Pepco's Direct Load Control Program, under which the utility compensates customers for cycling their A/C units, "considering the amount of…
October 13, 2015
Parent of Retail Supplier To Purchase 745 MW Power Plant
Calpine announced that it has agreed to acquire the Granite Ridge Energy Center from Granite Ridge Holdings, LLC for $500 million, or approximately $671 per kilowatt, subject to working capital adjustments.
October 5, 2015
FERC To Hold Technical Conference On MISO Capacity Auction Mitigation Measures, Alternatives
FERC will hold a technical conference on October 20 concerning market power mitigation in the Midcontinent ISO capacity market, and related market design issues
October 2, 2015
FERC Enforcement Office Investigating Results of MISO Capacity Auction For Market Manipulation
FERC disclosed yesterday that shortly after the conclusion of the 2015/16 Planning Resource Auction (capacity auction) conducted by Midcontinent Independent System Operator, Inc. (MISO) in April 2015, the Commission’s Office of Enforcement began a non-public informal investigation under Part 1b of…
October 2, 2015
PJM Set To Seek FERC Approval For Increase in Energy Market Price Cap
PJM is set to formally ask FERC to approve tariff changes that would increase the energy market offer cap, after the Members Committee approved a compromise proposal
September 25, 2015
NuDevco Retail (Keith Maxwell) Starting New Retail Supplier
Start-up retail provider National Gas & Electric, LLC applied for FERC market-based rate authority, stating that it is, "seeking to obtain licenses to provide retail electric service in several states that offer electric retail choice."
September 23, 2015
FERC Revokes Market-Based Rate Authority of Marketers
FERC revoked the market-based rate authority of the following companies for what FERC said was failure to file electric quarterly reports. M&R Energy Resources Corp. Reliable Power, LLC Susterra Energy, LLC
September 22, 2015
FERC Issues Staff Notice Of Alleged Violations
FERC issued a Staff Notice Of Alleged Violations stating that Staff of FERC's Office of Enforcement, "has preliminarily determined that Total Gas & Power, North America, Inc. (TGPNA), which is the Houston-based subsidiary of Total, S.A., whose headquarters are located in Paris, France, and TGPNA’s…
September 18, 2015
FERC To Issue Dragnet To Collect Information On Other Business Interests, Contractual Relationships Of Any RTO Market Participant (New Compliance Obligations, Requires Business Updates Within 15 Days of Change)
FERC issued a proposed rule to require any market participants in RTOs, including buyers, to file reports concerning the participant's "connected entities" (a new term broader than current affiliate reporting requirements)
September 18, 2015
FERC Seeks To Raise Wholesale Market Electric Energy Rates Via Shortage Pricing, Under Guise of "Reform"
FERC proposed two measures meant to raise electric rates in wholesale energy markets, under the pretext that the markets are not properly reflecting scarcity when warranted (Docket RM15-24)
September 15, 2015
FERC Issues Staff Notice Of Alleged Violations Against Power Traders
FERC issued a Staff Notice Of Alleged Violations notice stating that Staff of FERC's Office of Enforcement, "has preliminarily determined that Coaltrain Energy L.P.; its co-owners Peter Jones and Shawn Sheehan; traders Robert Jones, Jeff Miller, and Jack Wells; and analyst Adam Hughes violated the…
September 14, 2015
FERC Adopts Winter Reliability Program For 2015-18 (Non-Market Costs To Retail Suppliers)
FERC has approved a winter reliability program for 2015-18 at ISO New England, adopting the alternative proposed by NEPOOL which was found to be less costly than the ISO's proposal.
September 1, 2015
NRG To Acquire CT Generating Unit in PJM
Various NRG Energy subsidiaries filed at FERC for approval to acquire ownership and control of an approximately 77 MW combustion turbine generating unit at Chalk Point Generating Station in Prince George’s County, Maryland and certain associated assets.
August 26, 2015
FERC Chair Says Decision To Deny Retail Suppliers' Complaint Over PJM Transitional Capacity Auction Clearing Mechanism, "Simply Permits Consumers To Be Charged More In Exchange For No Additional Benefit"
FERC has denied a complaint by retail suppliers to require PJM to clear the transitional incremental capacity performance auctions in a manner which minimizes costs, as FERC Chairman Norman Bay said in a dissent that FERC's denial of the complaint, "authorizes PJM to impose costs on consumers with…
August 18, 2015
Retail Suppliers To Undergo Corporation Reorganization
Retail suppliers Town Square Energy, LLC and Town Square Energy East, LLC sought FERC approval for a change in their upstream ownership that does not result in a change in control