July 5, 2013
FERC Approves Toyota Purchase of Stake in N.J. Generation Asset
FERC approved CPV Shore, LLC's application for approval of various equity investments in the company's parent, including an investment by Toyota Tsusho Shore, LLC.
FERC
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July 2, 2013
ISO New England to Start Charging Sales Tax on Transactions
ISO New England has filed changes at FERC to collect sale taxes on certain transactions in the market.
July 2, 2013
New Math: Capacity Market No Longer Designed to Clear at Lowest Cost!
If tariff revisions are approved at FERC, ISO New England's forward capacity market will no longer be designed to clear the market to minimize total costs.
July 1, 2013
NextEra Energy, Inc. Sends Cease and Desist Letter to Retail Supplier
NextEra Energy, Inc. has sent a cease and desist letter to retail supplier NextEnergy Services LLC, alleging that the latter's name violates NextEra Energy's trademarks.
July 1, 2013
Reality Check: ISO With Capacity Market Forced to Rely on "Out of Market" Solutions for Reliability
ISO New England, which requires load to pay capacity to meet a mandated reserve margin, has filed at FERC "out-of-market solutions" to meet looming reliability risks due to non-performance of resources receiving capacity payments.
June 24, 2013
Capacity Markets, The Reality: Paying for Resources That Don't Respond When Needed
A recent filing by ISO New England at FERC should give Texas regulators pause in consideration of a capacity market because the filing details how, despite paying billions of dollars for capacity, resources receiving capacity payments don't respond when needed, leaving customers to ask what exactly…
June 21, 2013
FERC At Its Best: Retail Supplier Waiting 10 Years for FERC Refund on Unjust Charges
Quest Energy, LLC and Integrys Energy Services, Inc. requested that FERC issue an order approving a settlement agreement among the retail suppliers and various AEP transmission owners concerning Seams Elimination Charge Adjustments imposed on retail suppliers by FERC.
June 19, 2013
Briefly
Duke Energy announced that Lynn Good has been elected as its next president and chief executive officer, succeeding Jim Rogers, who will continue to serve as chairman of the board until his retirement on Dec. 31, 2013. Good will also serve as a director on the Duke Energy board. She will assume her…
June 18, 2013
Texas Wants to Copy This? FERC to Hold Technical Conference on Capacity Markets
Listening to capacity market advocates in Texas, you'd expect that the centralized capacity markets in the eastern RTOs are "settled" market designs, which can easily be taken "off the shelf" and quickly applied to ERCOT, with little controversy or administrative bureaucracy.
June 14, 2013
New Retail Supplier Lighthouse Energy Group, LLC Preparing to Launch Operations
Retail supplier Lighthouse Energy Group, LLC is preparing to launch operations and yesterday received market-based rate authority at FERC.
June 10, 2013
FERC Approves $1.3 Million Settlement With Demand Response Provider to Resolve Investigation
FERC approved a $1.3 million settlement between its Office of Enforcement and Enerwise Global Technologies, Inc. (Enerwise) concerning an investigation into whether Enerwise violated the Commission's anti-manipulation rules.
June 7, 2013
Briefly
Retail Energy Supply Association Announces New Member
June 6, 2013
FERC Denies FirstEnergy Solutions Complaint to Shift FTR Underfunding to All Transmission Customers on Pro Rata Basis
FERC dismissed a complaint from FirstEnergy Solutions Corp. which had sought to modify provisions of PJM's tariff related to the funding of Financial Transmission Rights (FTRs).
June 3, 2013
FERC Reduces Number of Local Capacity Zones in ISO New England Capacity Market
FERC has approved ISO New England's filing to model four zones in the Forward Capacity Auction for the 2017-18 delivery year, rather than the eight zones previously ordered, due to transmission upgrades alleviating constraints.
June 3, 2013
Toyota to Purchase Stake in New Jersey Generation Asset
CPV Shore, LLC filed at FERC for approval of various equity investments in the company's parent, including an investment by Toyota Tsusho Shore, LLC.
June 3, 2013
FERC Approves Settlement Concerning Flipping by Local Utility With Gas Choice Program, Also OKs $725,000 Settlement With Affiliate Concerning Misclassification of Contracts
FERC approved a settlement agreement with DTE Gas Company (formerly Michigan Consolidated Gas Company) resolving an investigation into whether DTE Gas violated section 284.8(h)(2) of the Commission's regulations by engaging in flipping transactions.
May 29, 2013
FERC Sets Technical Conference for Its Intrusion into California Resource Adequacy Policy
FERC has scheduled a technical conference regarding its intrusion into California's resource adequacy policy debate
May 28, 2013
Briefly
EDF Trading Closes on Transaction to Purchase Ownership Stake in Retail Supplier Holding Company
May 24, 2013
FERC Grants Inclusion of AEP Ohio Capacity Mechanism in Federal Tariff
FERC has granted AEP Ohio's request to accept an Appendix to the PJM Reliability Assurance Agreement (RAA) to reflect the Public Utilities Commission of Ohio's adoption of a state compensation mechanism for capacity provided by AEP Ohio under the Fixed Resource Requirement plan.
May 21, 2013
FERC Adopts Changes to ISO New England Credit Policy Opposed by Retail Supplier
FERC approved as filed ISO New England's proposed revisions to align the timing for suspending market participants that fail to cure a financial assurance default, with recently-accepted timing changes to the Day-Ahead Energy Market schedule, including the proposed revisions to impose additional…
May 21, 2013
Retail Supplier Protests Asymmetric Treatment of Imports, Exports in New New York Local Capacity Zone, Which Will Raise Capacity Prices
ConEdison Solutions has protested the New York ISO's filing to implement a new, local capacity zone in the ICAP market due to the asymmetric treatment of capacity imports and exports in the zone, which will lead to increased capacity prices for ESCOs.
May 7, 2013
PJM Files to Reflect Permanent Termination of Member
PJM Interconnection, L.L.C. has filed at FERC to reflect the permanent termination of Blast Electric, L.L.C. as a PJM Member in accordance with Sections 15.1.6(c) and 4.1(c) of the Operating Agreement.
May 3, 2013
FERC Maintains Unit Specific Review in PJM Capacity Market Buyer-Side Mitigation
FERC largely accepted revisions to PJM's minimum offer price rule (MOPR), or buyer-side mitigation policies, for the centralized capacity market, but ordered PJM to retain a unit-specific review and exemption process.
May 1, 2013
New York ISO Files to Create New Capacity Zone, Would Double Capacity Prices for ESCOs
The New York ISO has filed at FERC to implement a new capacity zone under its capacity market, which would require load serving entities such as ESCOs to meet capacity obligations for such new zone.
April 30, 2013
FERC Approves Transfer of Utility Generation Out of AEP Ohio to Competitive Affiliate
FERC has approved AEP's application to transfer the utility generation owned by Ohio Power Company to a competitive generation affiliate, consistent with the corporate separation approved by the Public Utilities Commission of Ohio.