August 27, 2014
Premier Holding Corp. is making its anticipated move to become a load serving entity in the retail market by buying an 85% stake in a retail supplier.
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August 26, 2014
FERC issued a notice yesterday alleging that its Office of Enforcement has, "preliminarily determined," that City Power Marketing, LLC and K. Stephen Tsingas violated the Commission's Anti-Manipulation Rule, 18 C.F.R. § 1c.2 (2014) by engaging in manipulative Up To Congestion trading in PJM Regional…
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August 13, 2014
3 Phases Energy Services, LLC has requested at FERC 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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August 12, 2014
GDF Suez Energy Resources, NA filed a complaint at FERC concerning ConEd's submission of estimated data to NYISO for billing purposes which grossly overstated the consumption of a Suez customer, and which was not corrected until after the close of the NYISO settlement deadline
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August 12, 2014
FERC approved a settlement with Direct Energy LLC under which Direct will pay a civil penalty of $20,000 and disgorge nearly $32,000 for actions that FERC said amounted to, "manipulating natural gas prices during May 2012 at Algonquin and Transco Zone 6 New York (Transco Zone 6) in order to benefit…
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August 6, 2014
FERC yesterday issued a formal Staff notice of alleged violations, "that in a nonpublic investigation pursuant to 18 C.F.R. Part 1b, the staff of the Office of Enforcement of the Federal Energy Regulatory Commission has preliminarily determined that Houlian (Alan) Chen, HEEP Fund Inc., and CU Fund…
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August 4, 2014
FERC Enforcement Staff has petitioned an ALJ to issue subpoenas duces tecum to several natural gas marketers, who are not parties to an instant investigation, as Enforcement is seeking to compel such marketers to produce documents relating to marketers' transactions with BP Energy and affiliates…
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July 30, 2014
PJM issued a notice to market participants that, "certain external interchange scheduling practices could result in notification of such transactions by PJM, and/or referral by the Independent Market Monitor (IMM), to the FERC Office of Enforcement for investigation."
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July 30, 2014
Exelon Corporation and Integrys Energy Group, Inc. announced that they have entered into a definitive agreement for Exelon to purchase Integrys Energy Services Inc., a competitive retail electricity and natural gas subsidiary serving approximately 1.2 million commercial, industrial, public sector…
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July 22, 2014
In comments to FERC, the Office of the People's Counsel for the District of Columbia has raised concerns, "about the influence that a company of the size of the proposed post-merger," Exelon-Pepco Holdings company, "would be able to exert on the PJM Interconnection, LLC ('PJM') stakeholder process."
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July 17, 2014
Canadian retail energy supplier Link Energy Supply Inc. intends to enter the U.S. retail energy and natural gas markets, and a subsidiary has applied for FERC market-based rate authority.
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June 30, 2014
FERC on Friday issued a letter order to ISO New England calling ISO-NE's filing of the capacity auction results for 2017-18, "deficient," and directed the ISO to submit more information, with a particular emphasis on mitigation and actions taken to prevent manipulation.
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June 23, 2014
Repsol Energy North America Corporation intends to expand its services to include the marketing of electricity
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June 13, 2014
FERC issued a Staff notice alleging that, "a formal, nonpublic investigation pursuant to 18 C.F.R. Part 1b, the staff of the Office of Enforcement of the Federal Energy Regulatory Commission (Commission) has preliminarily determined that Twin Cities Power-Canada, U.L.C. and certain affiliated…
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June 10, 2014
PPL Corporation and Riverstone Holdings LLC announced a definitive agreement to combine their merchant power generation businesses into a new stand-alone, publicly traded independent power producer.
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June 2, 2014
FERC approved, without modification, ISO New England's proposal to introduce a sloped demand curve into its forward capacity market, effective for auction for the 2018-19 delivery year.
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June 2, 2014
ISO New England's current capacity market design, "fails to provide adequate incentives for resource performance, thereby threatening reliable operation of the system and forcing consumers to pay for capacity without receiving commensurate reliability benefits," FERC conceded in an order Friday.
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June 2, 2014
Prairie Plant Systems, a Canadian biotechnology company, would acquire a U.S. retail supplier under a proposed transaction filed at FERC.
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May 28, 2014
The Retail Energy Supply Association has slammed a petition from Duke Energy to recover from PJM load about $10 million in unrecovered costs associated with procuring fuel for potential dispatch during January's cold weather.
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May 27, 2014
FirstEnergy Service Company filed a complaint at FERC requesting that the Commission issue an order requiring the removal of all portions of the PJM tariff allowing or requiring PJM to include demand response as suppliers to PJM's capacity markets, with a refund effective date of May 23, 2014
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May 27, 2014
An order initially being hailed by competitive generators concerning demand response should ultimately prove most beneficial to retail suppliers and consumers in reining in FERC's unchecked authority to issue regulations over anything allegedly "affecting" wholesale electric rates.
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May 12, 2014
FERC has rejected as unjust and unreasonable a series of changes proposed by PJM which would have had the effect of increasing capacity prices.
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May 6, 2014
Duke Energy filed a complaint at FERC seeking $9.8 million in unrecovered costs which is said resulted from following PJM directives for certain of its merchant units to be available, but which were not dispatched.
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May 2, 2014
PSEG reported yesterday in releasing earnings that its PSEG Power merchant generation business, "has discovered that it incorrectly calculated certain components of its cost-based bids for certain generating units in the PJM energy market, with resulting over-collection of revenues related to its…
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April 18, 2014
Several private equity firms have applied at FERC to increase their ownership of power marketer Twin Eagle Resource Management, LLC
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