January 29, 2014
NextEra Energy Power Marketing, LLC (NEPM) has slammed PJM's "on the fly" request to allow offers in excess of the $1,000/MWh cap to set the market-clearing price, as granting PJM's request would mean that customers would, "pay billions for capacity and pay unlimited energy prices whenever energy…
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January 29, 2014
NextEra Energy expects its retail and wholesale supply businesses to underperform in the first quarter of 2014 due to the extreme conditions experienced to date.
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January 29, 2014
NRG Power Marketing LLC and several affiliates have asked FERC to, "require NYISO [New York ISO] to submit tariff revisions to permanently eliminate the $1,000/MWh bid cap."
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January 27, 2014
FERC has administratively doubled capacity prices to be paid by retail suppliers, and their customers, in ISO New England, with Commissioner Philip Moeller brazenly trying to sell customers on the "reliability benefits" of the rate shock -- at a time when 75% of ISO-NE's gas-fired generation was…
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January 27, 2014
PJM has requested that FERC allow it to not only accept offers in excess of the current $1,000/MWh bid cap applicable to energy, but to allow such offers to set the clearing price.
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January 24, 2014
FERC has approved a transaction under which start-up retail supplier LVI Power, LLC will acquire Castlebridge Energy Group, LLC.
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January 23, 2014
The New York ISO has sought FERC approval for a temporary waiver to allow it to accept offers in excess of the $1,000/MWh price cap.
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January 21, 2014
"[R]eliability in New England is deteriorating as a result," of the "failure" of the current capacity market to reflect some of the most basic principles of a market -- higher-valued, higher quality goods should receive greater compensation than goods offering poor quality and poor service, ISO New…
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January 21, 2014
"The overall rate of unplanned outages across the entire New England generating fleet has more than doubled since 2007," ISO New England said in a filing at FERC.
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January 21, 2014
A co-founder of Crius Energy and a former vice president at MXenergy are launching a new start-up retail supplier, Lumens Energy Supply LLC.
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January 20, 2014
An individual has protested at FERC a proposed transaction under which the ownership of the Glacial Energy retail suppliers would be transferred to a new start-up backed by private equity, Voltage Energy Holdings, as the individual claimed that the transaction does not reflect his entitlement to 10%…
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January 17, 2014
FERC has accepted a settlement which sets rates for wholesale capacity that Appalachian Power Company makes available to electric competitive service providers (CSPs) in APCo's Virginia service territory, and which also provides for a limited amount of self-supplied capacity by CSPs.
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January 9, 2014
The over-forecasting of demand in PJM's capacity market has resulted in an implied consumer cost of $5 billion for the 2013/2014 Delivery Year alone, the PJM Industrial Customer Coalition said in comments to FERC.
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January 8, 2014
FERC issued a public notice of alleged violations stating that a non-public, informal investigation by Staff of FERC's Office of Enforcement, "has preliminarily determined that Louis Dreyfus Energy Services, L.P. (LDES) violated 18 C.F.R. § 1c.2 (2013) by placing virtual trades in MISO at a node in…
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January 3, 2014
The Federal Energy Regulatory Commission (FERC) and the Commodity Futures Trading Commission (CFTC) have signed two Memoranda of Understanding (MOU) to address circumstances of overlapping jurisdiction and to share information in connection with market surveillance and investigations into potential…
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January 3, 2014
Behavioral mitigation measures are "needed" to address market power issues in the PJM regulation market which would arise from NRG Energy's acquisition of Edison Mission Energy, Monitoring Analytics, PJM's independent market monitor, said in updated comments to FERC.
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December 30, 2013
FERC recently approved Twin Cities Power Holdings, LLC's application to acquire all of the membership interests in retail energy supplier Discount Energy Group, LLC.
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December 27, 2013
In seeking various changes to demand response rules and requirements at FERC, PJM reported that it yet again experienced "poor generator response" during a time when the grid was stressed.
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December 27, 2013
The Secretary of District of Columbia PSC rejected the submission of a "request for expedited opinion" filed by Constellation NewEnergy for which Constellation had sought confidential treatment for the entire filing.
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December 27, 2013
Start-up retail supplier LVI Power, LLC has entered into a transaction to acquire Castlebridge Energy Group, LLC, according to an application filed at FERC.
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December 20, 2013
FERC has granted rehearing concerning the cost recovery of Providers of Last Resort in the Midwest ISO capacity market, agreeing that it erred in a prior order which allowed such POLRs to recover undefined "administrative" costs.
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December 20, 2013
Details concerning the acquisition of various Glacial Energy retail suppliers by a company backed by private equity have emerged in a FERC application for approval of the transaction.
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December 16, 2013
Entergy Corporation and ITC Holdings Corp. announced Friday that the companies have mutually agreed to end their pursuit of a spin off and merger of Entergy's transmission business with ITC.
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December 11, 2013
The Mississippi PSC has denied the application of ITC Holdings, through a subsidiary, to acquire the transmission assets of Entergy Mississippi.
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December 6, 2013
The District of Columbia PSC has set for public comment Pepco's dynamic pricing proposals.
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