January 30, 2012
MISO Files Tariff to Implement Look Ahead Commitment
The Midwest ISO has filed with FERC tariff revisions to establish a Look Ahead Commitment tool, a near-term Resource commitment process in MISO's real-time markets.
FERC
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January 23, 2012
FERC Intends to Revoke Market-Based Authority of 70 Companies, Including Active Retail Suppliers
FERC intends to revoke the market-based rate authority of 70 "public utilities," including several competitive retail suppliers, if the entities do not file electronic market-based rate tariffs within 60 days.
January 20, 2012
FERC Denies Retail Suppliers' Requested Cost Allocation in ISO-NE
FERC has denied the request of retail suppliers to allocate costs of demand response to Network Load during a transition period in which an interim set of rules to comply with Order 745 are in effect.
January 20, 2012
FERC Grants Rehearing to Determine Future Treatment of OOM Capacity in ISO-NE
FERC has granted rehearing on a single issue of its April order regarding ISO New England's Forward Capacity Auction (FCA), which largely addressed buyer-side market power, to determine how to treat Out of Market (OOM) resources carried forward under one set of rules under a new and different set of…
January 19, 2012
MISO to Lower Credit Requirements for LSEs Participating in Capacity Auction
The Midwest ISO has submitted tariff revisions to FERC to lower the credit requirements in the monthly Voluntary Capacity Auction (VCA) after determining that the current credit requirements are "excessive" based on historical pricing.
January 12, 2012
Polidoro Banned from PJM Demand Response Market for Two Years Under Settlement with FERC
FERC approved a settlement under which Joseph Polidoro, former Senior Vice President of North America Power Partners (2006-08), is to pay a civil penalty of $50,000 and be subject to a two-year ban from participation in PJM's Demand Response markets, to resolve various Enforcement Staff allegations.
January 5, 2012
AEP Retail Energy to Acquire BlueStar Energy Solutions
AEP Retail Energy announced this morning that the company has reached an agreement to acquire BlueStar Energy Holdings Inc. and its independent retail electric supplier BlueStar Energy Solutions.
January 5, 2012
ConocoPhillips to Pay $545,000 Civil Penalty Under Settlement with FERC
ConocoPhillips Company has agreed to pay a civil penalty of $545,000 and to disgorge $3,174,900 plus interest to resolve FERC Enforcement Staff's allegations that ConocoPhillips violated various posting and bidding requirements and shipper-must-have-title requirements.
December 29, 2011
FERC Approves Change in Allocation of NYISO Costs
FERC has approved a change in the allocation of NYISO's budgeted annual operating costs and Commission-assessed regulatory fees among NYISO market participants, with the new allocation to be maintained for a period of at least five years.
December 29, 2011
FERC Grants Green Mountain Energy Penalty Waiver for Inadvertent Capacity Withholding
FERC has granted Green Mountain Energy Company a waiver of certain New York ISO tariff and penalty provisions which Green Mountain Energy could have triggered due to its inadvertent withholding of capacity.
December 29, 2011
FirstEnergy Solutions Asks FERC to Uplift Incremental Real-Time Congestion Charges to All Transmission Customers
FirstEnergy Solutions has petitioned FERC, in a complaint, to direct PJM to allocate incremental real-time congestion charges to all transmission customers (EL12-19).
December 23, 2011
MISO to Change Mitigation, Allocation of Revenue Sufficiency Guarantee Charges
The Midwest ISO has filed changes to tighten mitigation of payments to generators under Revenue Sufficiency Guarantee (RSG) charges, and also proposed a new allocation for RSG costs from voltage and local reliability issues.
December 23, 2011
RPM "Fixes" Designed to Ensure Higher Capacity Prices, Maryland PSC Says
Recent changes to the Reliability Pricing Model capacity mechanism filed by PJM are meant to inflate capacity prices, the Maryland PSC said in a protest at FERC.
December 16, 2011
FERC Clarifies Demand Resources Not Always Entitled to Full LMP
FERC generally denied rehearing requests regarding Order 745, which ordered demand response to be paid the full LMP under certain conditions, but did clarify circumstances in which the full LMP shall not be paid to demand resources.
December 16, 2011
FERC: "Premature" to Fundamentally Redesign MISO Capacity Market
It would be "premature" to undertake a fundamental re-design of the Midwest ISO resource adequacy plan at this time, FERC said in denying rehearing on prior orders regarding the current "voluntary" monthly capacity auction in MISO (ER08-394).
December 15, 2011
FERC Orders Technical Conference on PJM Price Responsive Demand, Citing Allocation of PRD Credit
FERC has subjected PJM's price responsive demand (PRD) filing to the outcome of a technical conference and further Commission order (ER11-4628).
December 12, 2011
Atmos Energy to Pay $6.4 Million for Flipping, Shipper-Must-Have-Title Violations
Atmos Energy Corporation will pay a civil penalty of $6.4 million under a consent agreement approved by FERC addressing various flipping and shipper-must-have-title violations by subsidiaries Atmos Energy Marketing, Inc. (AEM) and Trans Louisiana Gas Pipeline, Inc. (Trans La).
December 7, 2011
Plymouth Rock Energy Seeks License in New State, Acquisition by MVC Closes
Plymouth Rock Energy, LLC today applied for a Connecticut electric supplier license.
December 5, 2011
Vectren Retail, LLC to Cancel Market Based Rate Authority, Citing Impending "Business Transactions"
Vectren Retail, LLC d/b/a Vectren Source has submitted a notice of cancellation of its FERC market based rate tariff, and asked that FERC act on the notice expeditiously.
December 5, 2011
Entergy Says MISO Transition Not Impacted by Divestiture, Merger of Transmission Assets with ITC
Entergy Corporation and ITC Holdings Corp. announced this morning that the Boards of Directors of both companies have approved a definitive agreement under which Entergy will divest and then merge its electric transmission business into ITC.
December 2, 2011
PJM Files Changes to RPM to Further Inflate Capacity Prices
PJM has filed several proposed tariff changes with FERC, the principal design of which are to increase capacity prices in the Reliability Pricing Model.
November 30, 2011
PJM Files Process to Review Market Participant Risk Management Policies
PJM has filed tariff changes with FERC to implement, as required by FERC, periodic audits of a market participant's risk management policies by PJMSettlement.
November 28, 2011
FERC Suspends CAISO Virtual Bidding Intertie Prohibition, Subject to Technical Conference
FERC accepted but suspended the California ISO's tariffs to eliminate convergence bidding at intertie locations, finding that the proposal may be unjust, unreasonable, unduly discriminatory, or preferential, and ordered a technical conference (ER11-4580).
November 18, 2011
Briefly
FERC yesterday issued a 2011 report on enforcement .
November 18, 2011
FERC Maintains Inflated Capacity Prices
FERC denied rehearing on all but several minor points regarding its prior decision to inflate capacity prices in PJM by $3 billion by accepting a revised Minimum Offer Price Rule (MOPR), which, among other things, removed the exemption from the MOPR for capacity sellers who were not net short on…