January 28, 2015
PPL Corporation and Riverstone Holdings LLC affiliate RJS Power Holdings LLC have accepted additional market power mitigation measures required for FERC approval of the previously reported spinoff of PPL Energy Supply and its combination with competitive generation assets owned by RJS Power Holdings…
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January 22, 2015
PJM's proposal to assign capacity obligations to load based on days other than the summer peak leaves load serving entities, such as retail suppliers, with "no rational way" to develop retail prices for load, retail suppliers said at FERC.
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January 21, 2015
The Pennsylvania PUC has levied a simple but brilliant criticism at PJM's proposal for a transition to its capacity performance product which illustrates the futility of paying billions in additional capacity costs for a limited amount of the new capacity performance product alongside existing…
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January 21, 2015
Given that no improvement in generator performance is evident from PJM's proposed transition mechanism for its sought new capacity performance capacity market construct, a coalition of retail suppliers, wholesale power markets, cooperatives, industrial customers, and state regulators (the Transition…
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January 21, 2015
The disruption of existing capacity procurements and prices ( more fully described in our related story today, click here ) under PJM's transitional capacity performance proposal, "may have unintended political consequences at the state level," and jeopardize state policymakers' acceptance of…
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January 20, 2015
FERC has directed Dynegy to submit more information concerning its application for approval of separate transactions under which it would acquire Duke's Midwest merchant generating plants (and retail supply business) and several power plants from Energy Capital Partners
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January 19, 2015
FERC has issued a series of questions for stakeholder comment stemming from its various organized market price formation workshops.
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January 19, 2015
Ignoring capacity owners' forward commitments to provide energy under the current $1,000 offer cap, FERC has ruled that PJM's current offer cap is unjust and unreasonable for the, "winter months."
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December 31, 2014
Twin Cities Power – Canada, Ltd., Twin Cities Energy, LLC, and Twin Cities Power, LLC has agreed to pay a civil penalty of $2.5 million, and disgorge nearly $1 million, to settle an investigation into alleged market manipulation.
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December 22, 2014
AP Holdings, LLC has informed FERC that it and its retail energy supplier subsidiaries are no longer affiliated with EDF Trading North America, LLC.
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December 19, 2014
FERC has ordered additional mitigation in approving a multi-step transaction under which PPL Energy Supply, LLC and RJS Power Holdings LLC are to combine to form Talen Energy
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December 19, 2014
FERC has granted a complaint from GDF Suez Energy Resources, NA concerning Consolidated Edison's submission of estimated data to NYISO for billing purposes which grossly overstated the consumption of a Suez customer, and has ordered resettlement of the affected November/December 2012 billing period…
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December 18, 2014
FERC issued an order to show cause to Powhatan Energy Fund and related parties directing parties to show cause that they have not engaged in what FERC alleges are fraudulent Up To Congestion (UTC) transactions in PJM, and why they should not be subject to $30 million in penalties, plus disgorgement.
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December 15, 2014
PJM is seeking to modify how it allocates the responsibility for capacity charges to load serving entities as part of its capacity performance proposal
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December 10, 2014
PJM said that its board has authorized a filing at FERC to increase the offer cap to $1,800/MWh, and allow generators to seek additional cost recovery via uplift, for this winter season.
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December 6, 2014
ISO New England has filed at FERC proposed changes to its minimum capitalization requirements, claiming that the changes are needed to protect market participants against, "thinly capitalized," load serving entities which do not own physical assets.
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December 4, 2014
PJM informed stakeholders that its board has authorized the filing of a capacity performance proposal with FERC, though the Board has made several changes to the PJM Staff's proposal, including revisions to the transition period.
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December 1, 2014
FERC on November 28 approved most of PJM's sought revisions to the PJM capacity market variable resource requirement (VRR) curve and related revisions sought under the triennial review process, adopting changes which lead to gold-plating of the reliability target and which load interests have said…
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November 26, 2014
FERC has ordered the New York ISO to conduct a stakeholder process to review whether Zone K should be modeled as an export-constrained zone in its capacity market.
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November 25, 2014
The District of Columbia PSC issued show cause orders to 10 retail electric suppliers after the PSC alleged that the suppliers failed to respond to a prior directive to confirm the data used in their filed fuel mix reports, while directing numerous other suppliers to file reports or bring their…
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November 24, 2014
FERC has denied a request from 3 Phases Energy Services, LLC for a waiver of Section 37.11.1 of the California Independent System Operator tariff, which imposes financial penalties on scheduling coordinators that submit untimely meter data.
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November 21, 2014
FERC has opened a section 206 investigation into whether PJM's current tariff allows deactivated power plants to continue to receive compensation for reactive power.
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November 21, 2014
Capacity markets, Texas policymakers were told, provide a net benefit to customers because they eliminate unpredictable and volatile instances of excessive scarcity pricing in the energy market that customers cannot stomach, and therefore the billions provided in capacity subsidies result in lower…
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November 7, 2014
The Retail Energy Supply Association requested that the District of Columbia PSC establish a working group of interested stakeholders to hold a series of meetings to discuss modifications to the customer protection rules proposed by the PSC.
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November 4, 2014
FERC issued a formal notice stating that, "in a nonpublic investigation pursuant to 18 C.F.R. Part 1b, the staff of the Office of Enforcement (Enforcement) of the Federal Energy Regulatory Commission has preliminarily determined that Maxim Power Corporation (Maxim) engaged in three schemes in…
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