September 10, 2013
The "vast majority" of the capacity payments in the eastern RTO capacity markets, "are made to resources that are economic and will operate the same without regard to the magnitude of the capacity payment they receive," economist James F. Wilson said in comments to FERC in a proceeding reviewing the…
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September 6, 2013
eBay Receives Market-Based Rate Authority
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September 5, 2013
ISO New England has sought changes to the forward capacity market design because the current rules have never actually required capacity resources to meet performance obligations.
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September 4, 2013
The Midcontinent ISO has filed with FERC updated Cost of New Entry (CONE) values for each local resource capacity zone, for the planning year that will commence on June 1, 2014
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September 3, 2013
An owner of generation in PJM has said that the RTO's Reliability Pricing Model capacity market is "deeply flawed, and needs to be fixed on many levels."
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September 3, 2013
On August 30, FERC conditionally accepted a tariff filing by ISO New England Inc. to reflect that market participants may qualify for an exemption from certain provisions of the Commodities Exchange Act (CEA) and Commodity Futures Trading Commission (CFTC) regulations when engaging in specified…
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August 30, 2013
In separate cases and orders, FERC issued civil penalties to Competitive Energy Services, LLC (CES), Dr. Richard Silkman (CES's managing member), and Lincoln Paper and Tissue, LLC for activity in ISO New England, Inc.'s (ISO-NE) Day-Ahead Load Response Program (DALRP) which FERC found violated…
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August 28, 2013
Capacity suppliers in ISO New England need not meet their capacity supply obligations as required under their commitment, established in the capacity market, to supply capacity during shortage hours if such capacity suppliers can demonstrate an, "inability to procure fuel or transportation," FERC…
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August 27, 2013
Enterprise Texas Pipeline LLC will pay a civil penalty of $315,000 under a settlement approved by FERC to resolve allegations that the company violated Section 311 of the Natural Gas Policy Act and various FERC regulations.
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August 26, 2013
A FERC Staff report issued ahead of a technical conference on capacity markets in the FERC-jurisdictional RTOs confirms that current capacity market designs are not desirable for implementation in Texas, and that if Texas were to adopt a mandated reserve margin, it will need to look at novel…
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August 26, 2013
A start-up power marketer, Premier Empire Energy, LLC, is working to launch operations, including retail electric and natural gas service.
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August 19, 2013
MISO Files CONE Value Applicable to Texas Capacity Obligation
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August 14, 2013
FERC has adopted without modification the New York ISO's proposal to create a new local capacity zone in the ICAP market, consisting of Load Zones G, H, I, and J (the G-J Locality), applicable to load-serving entities including ESCOs
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August 13, 2013
A year after rehearing requests were filed regarding buyer-side "mitigation" in the Midwest ISO's capacity market, FERC said that it would benefit from briefing on the issue, and set a schedule for such briefs.
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August 12, 2013
Entergy Texas and an ITC Holdings subsidiary withdrew, without prejudice to re-filing, their request for approval from the Public Utility Commission of Texas for a sale of Entergy Texas' transmission assets to ITC, after it became clear that the Commission was prepared to reject the transaction…
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August 6, 2013
FERC issued an order to BP Energy Company and affiliates directing the companies to show cause why they should not be found to have violated section 1c.1 of the Commission’s regulations and section 4A of the Natural Gas Act.
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August 5, 2013
PJM has re-filed at FERC, in the form of tariff revisions, new rules proposed to be applicable to demand response capacity offers made in the Reliability Pricing Model capacity auction.
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August 5, 2013
The increased reliance on "planned" resources -- meaning new resources clearing the capacity market -- to meet the PJM mandated reserve margin has been likened by Exelon to other "issues" in the capacity market which required reforms
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August 1, 2013
United Illuminating Discloses Default Service Supplier
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July 30, 2013
The Federal Energy Regulatory Commission (FERC) said today that it approved a stipulation and consent agreement under which JP Morgan Ventures Energy Corporation (JPMVEC) will pay $410 million in penalties and disgorgement to ratepayers for allegations of market manipulation stemming from the…
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July 29, 2013
FERC Staff has requested more information from various Ameren subsidiaries and Dynegy concerning the market power impacts of the proposed acquisition of Ameren Energy Resources by Dynegy.
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July 29, 2013
FERC has denied an application for an individual to hold interlocking positions at the parent of a retail supplier, and another retail supplier in which the parent has invested as a minority owner (Docket ID-5369).
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July 23, 2013
RG&E, Affiliates Find Buyer for Utility, Affiliate Power Plants
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July 17, 2013
The Federal Energy Regulatory Commission said in a news release that it ordered Barclays Bank PLC and four of its traders to pay $453 million in civil penalties for, "manipulating electric energy prices in California and other western markets between November 2006 and December 2008."
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July 12, 2013
Centralized capacity markets -- specifically those with a downward sloping demand curve -- are reintroducing into the electric industry one of the main catalysts of deregulation -- the gold-plating of the electric system.
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