August 14, 2015
An initial decision from a FERC ALJ would conclude that BP America Inc. and affiliates, "engaged in market manipulation," as a result of trading practices related to the Houston Ship Channel (HSC).
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August 11, 2015
FERC dismissed without prejudice separate applications from Vantage Commodities Financial Services II, LLC and GoCOM Corporation for authorization of the acquisition of Bluco Energy, LLC
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August 7, 2015
"PJM indicated last week that it intends to clear [the capacity performance transitional incremental auctions] in a manner that does not minimize the cost of procuring capacity in each Delivery Year when satisfying the new Capacity Performance Resource procurement targets in these years," Direct…
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August 4, 2015
Nittany Energy, LLC is launching a retail energy supplier, and sought market-based electric rate authority at FERC
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July 28, 2015
FERC Staff issued a notice of alleged violations stating that, "the staff of the Office of Enforcement (Enforcement) of the Federal Energy Regulatory Commission has preliminarily determined that Etracom LLC (Etracom) and Michael Rosenberg violated the Commission’s Anti-Manipulation Rule, 18 C.F.R. §…
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July 23, 2015
PJM's correct interpretation of its capacity performance tariff that excludes demand response and other non-generation resources from upcoming capacity auctions during a transition period is nonetheless unjust and unreasonable, FERC ruled yesterday, as the Commission directed PJM to delay the…
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July 21, 2015
NextEra Energy Resources, LLC filed comments at FERC in support of a petition from load interests to require PJM to use an updated load forecast methodology for upcoming capacity auctions, saying it is, "plainly unjust and unreasonable," to require load to pay $625 million in excessive capacity…
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July 20, 2015
Talen Energy Corporation announced an agreement to acquire MACH Gen, LLC, which owns more than 2,500 megawatts of combined-cycle, natural gas-fired generating capacity, for $1.175 billion inclusive of any assumed debt, subject to customary purchase price adjustments.
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July 17, 2015
FERC Staff issued a notice that, "in a non-public, preliminary investigation," Staff of the FERC Office of Enforcement, "has preliminarily determined that Columbia Gas Transmission LLC (Columbia Gas) violated Part 4 of the General Term and Conditions of its FERC Gas Tariff by failing to post the…
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July 6, 2015
FERC issued civil penalties totaling $15 million to City Power Marketing, LLC and an individual trader finding that their behavior concerning Up-To Congestion transactions amount to market manipulation
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July 6, 2015
FERC approved the application of Iron Energy, LLC d/b/a Kona Energy for a transaction under which 100% of the membership interests in Iron will be sold to Vantage Commodities Financial Services, LLC
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July 1, 2015
Attorneys General from Massachusetts and Rhode Island, along with PowerOptions, Freedom Energy Logistics, and several consumer advocates sent a letter to ISO-New England and New England electric transmission owners urging the companies to develop a transparent process that allows all stakeholders…
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June 25, 2015
The California ISO, citing a lack of benefits, has asked FERC to allow the ISO to retain the current level of aggregation for load aggregation point (LAP) zones, and retail suppliers are supporting the ISO's request due to the "anti-competitive" impacts from any further disaggregation of LAPs.
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June 24, 2015
Celesta Energy, a start-up retail supplier, is preparing to launch operations.
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June 11, 2015
FERC denied make-whole payments sought by various Duke Energy generators related to their operation during the polar vortex, but opened a section 206 proceeding regarding compensation to generators in such circumstances (Docket EL14-45)
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June 10, 2015
In a dissent from a FERC order largely adopting PJM's capacity performance proposal without modification, FERC Chairman Norman Bay warned that the flawed market design adopted by his colleagues will allow generators to profit despite non-performance.
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June 10, 2015
FERC generally accepted as-filed PJM's capacity performance proposal, including most notably approving PJM's proposed transition mechanism without modification.
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June 9, 2015
FERC directed BluCo Energy LLC to provide the Commission with a status and scheduling concerning litigation which is contesting the ownership of the retail supplier, in light of dueling petitions before FERC for transactions to acquire the supplier.
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June 1, 2015
FERC accpeted a filing from ISO New England that identifies two potential new boundaries for Capacity Zones for ISO-NE’s tenth Forward Capacity Auction (FCA 10).
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June 1, 2015
FERC issued an order concluding that, "Dr. Houlian Chen (Dr. Chen), Powhatan Energy Fund, LLC (Powhatan), HEEP Fund, LLC (HEEP), and CU Fund, Inc. (CU Fund) (collectively, Respondents) violated section 222 of the Federal Power Act (FPA) and section 1c.2 of the Commission’s regulations, which…
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May 18, 2015
Iron Energy, LLC d/b/a Kona Energy sought FERC approval of a transaction of under which 100% of the membership interests in Iron will be sold to Vantage Commodities Financial Services, LLC
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May 15, 2015
The District of Columbia PSC has suspended its review of potential dynamic pricing programs, including potentially making SOS a dynamic pricing program (or adding an optional SOS dynamic pricing rate), citing the uncertainty regarding what compensation, if any, will be available in the wholesale…
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May 4, 2015
FERC issued an order issuing a civil penalty in the amount of $5 million against Maxim Power Corporation and affiliates.
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April 27, 2015
FERC granted PJM a waiver to delay its base residual capacity auction for the 2018-19 delivery year.
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April 24, 2015
AEP is awaiting further clarity on Ohio's acceptance of purchased power agreements and the outcome and pricing of PJM's capacity performance proposal at FERC before making a decision on the future of its merchant generation business, which includes its competitive retail supplier, executives said…
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