February 8, 2024
Retail Energy Supply Association Announces Executive Committee & State Chairs For 2024
The Retail Energy Supply Association (RESA) announced…
FERC
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December 29, 2023
Update On Merger Of OhmConnect With Assets From Google Nest’s Renew
OhmConnect, Inc. ('OhmConnect'), Resi Station, LLC ('Resi Station'), and Renew Home VPP, LLC ('Renew Home VPP,' and together with OhmConnect and Resi Station, the 'Applicants') filed for…
October 31, 2023
Indirect Ownership Stake In Retail Supplier By Goldman Sachs Acknowledged
An application at FERC by…
October 16, 2023
Start Date For Lubbock Power & Light Retail Choice Set As FERC Settlement Approved
At a meeting last week of the Lubbock Retail Integration Task Force…
September 27, 2023
PJM Board Issues Directives On Capacity Market Changes, Impact To Load
PJM's Board has issued a series of directives concerning changes to the capacity market developed through the Critical Issue Fast Path-Resource Adequacy (CIFP-RA)
September 19, 2023
Retail Supplier Parent Commits To Divesting Nearly 400 MW Of Generation
The parent of a retail supplier has…
August 18, 2023
New York PSC Issues Show Cause Order To ESCO, Alleging Provision Of Non-Compliant Products To Mass Market Customers
The New York PSC directed Atlantic Energy LLC to show cause why its eligibility to act as an Energy Services Company (ESCO) in New York State should not be revoked or, alternatively, why other consequences as set forth in the Commissions UBP should not be imposed, for the alleged provision of…
August 4, 2023
Lubbock Power & Light Provides Anticipated Retail Choice Start Date IF FERC Settlement Reached By Year-End (Status Update Of FERC Process)
Lubbock Power & Light provided a status update on its pending transition to retail electric choice, which has been delayed by FERC review of the May 27, 2021 agreement between LP&L and Southwestern Public Service Company (SPS).
July 24, 2023
Elliott Seeks To Purchase Up To 20% Of NRG Common Stock
Elliott Associates, L.P. ('EALP'), Elliott International, L.P. ('EILP') and The Liverpool Limited Partnership ('Liverpool' and, together with EALP and EILP, the 'Elliott Applicants') filed at FERC for approval to purchase, directly or indirectly through subsidiaries, in market transactions, up to…
June 12, 2023
FERC Approves Delay In PJM Capacity Auctions, Sets Schedule
FERC approved PJM's tariff filing to delay the Reliability Pricing Model (RPM or capacity market) Base Residual Auction (BRA) and Incremental Auction schedules for the 2025/2026 through the 2028/2029 delivery years
May 24, 2023
Mitsubishi Retail Energy Suppliers Withdraw Supplier Licenses
Various Diamond Energy retail energy supplier entities have voluntarily relinquished their retail electric supplier licenses (or equivalent) in several states
May 16, 2023
Update: Stakeholders Work On Alternate Shopping Window For Lubbock Transition Given Expected Delay
Task Force Told Delay Could Be "Multi-Year" Depending On FERC Process
During a recent meeting of the Lubbock Retail Integration Task Force (LRITF) at ERCOT, stakeholders discussed adjusting the Lubbock Power and Light shopping window, given the expected delay in Lubbock Power and Light's implementation of retail electric choice due to a recent FERC order.
May 8, 2023
NYISO Provides Notice Of Termination Of Market Participant From ISO-Administered Markets
The New York Independent System Operator, Inc. ('NYISO') on May 8 provided notice to FERC, "of the immediate termination of IPKeys Power Partners, Inc. ('IPKeys') from the ISO-Administered Markets in accordance with Section 2.7.5.3 of the NYISO’s Open Access Transmission Tariff ('OATT') and Section…
May 5, 2023
LP&L: FERC Order Will Delay Transition To Retail Electric Choice
Lubbock Power & Light and ERCOT filed a joint update with the Texas PUC stating that LP&L and ERCOT anticipate that a recent FERC order, "will result in a delay of both the integration of the remaining [LP&L] load [into ERCOT] and LP&L's transition to retail competition."
April 21, 2023
Utility Seeks Authority To Increase Amount Of Default Service Load Served Under Long-Term Contract
Pepco in the District of Columbia sought flexibility to increase the amount of SOS load to be served under a long-term renewable energy contract, after a previously executed contract for 5% of SOS load has been terminated by the renewable developer
March 28, 2023
PJM To Seek Delay In Capacity Auctions, Including 2025/2026 BRA
PJM said that it will seek a delay of the upcoming capacity market auctions, including the scheduled June 2023 Base Residual Auction (BRA) for the 2025/2026 delivery year
March 20, 2023
International Energy Trader Registers As Texas Power Marketer
MFT Energy US 1 LLC has registered as a Texas wholesale power marketer
March 6, 2023
Vistra To Acquire Energy Harbor
Today, Vistra Corp. announced that it has executed a definitive agreement with Energy Harbor Corp., pursuant to which Energy Harbor will merge with and into a newly-formed subsidiary of Vistra.
February 22, 2023
AEP Signs Agreement To Sell Unregulated Renewables Assets
American Electric Power has entered into an agreement to sell its 1,365-megawatt (MW) unregulated, contracted renewables portfolio to IRG Acquisition Holdings, a partnership owned by Invenergy, CDPQ and funds managed by Blackstone Infrastructure, at an enterprise value of $1.5 billion including…
February 3, 2023
PJM Seeks To Change Rules To Give Non-Performing Capacity Sellers More Time To Pay Penalties ($1-2 Billion From Winter Storm Elliott)
Under Current Rules, Defaults From Non-Payments Of Penalties Would Not Be Socialized To All Members
PJM filed a proposal with the Federal Energy Regulatory Commission to amend PJM’s Tariff to allow the option for a Member to extend the billing schedule from three to nine months for any Non-Performance Charges that will be assessed stemming from the Performance Assessment Intervals during Winter…
January 10, 2023
Retail Suppliers Expect To Close Transaction In Q1 2023
Phoenix Energy Group, LLC ('Phoenix'), a wholly-owned subsidiary of Eligo Energy, LLC ('Eligo Energy'), said in a FERC filing that Eligo Energy and Phoenix are involved in an upcoming transaction that will require a subsequent FPA Section 203 application.
December 22, 2022
Market Won't Have Prices From Recently Closed 2024/25 PJM Capacity Auction For Some As PJM Seeks Rule Change Due To Offer Behavior
"Indicative" Prices To Be Posted In Jan. 2023, Final Prices To Await FERC Action On Tariff Change
PJM did not publish prices from the 2024-25 base residual auction for its capacity market, due to concerns about offer behavior in the DPL South LDA
November 11, 2022
NYISO Seeks Short Delay In Posting December Monthly Auction ICAP Results, Citing Software Failure (Shortens Time For ESCOs To Evaluate Results Prior To Certifying Their UCAP Procurements)
Update: NYISO said on Nov 14 that NYISO was ultimately able to calculate valid auction results in time. Those results were posted late in the evening of November 10. NYISO withdrew its request at FERC
November 2, 2022
New York ESCO Withdraws From Market
ESCO New York Industrial Energy Buyers stated in a New York PSC filing that, "New York Industrial Energy Buyers, LLC hereby withdraws from NYS electric market as energy service company in New York State. As of October 31st, New York Industrial Energy Buyers withdrawn from the New York Independent…
November 1, 2022
Update: bp Acquisition Of U.S. RNG Producer Includes Retail Supplier
A FERC filing confirms that bp's recently announced agreement to acquire Archaea Energy Inc., a producer of renewable natural gas (RNG) in the U.S., includes Archaea's subsidiary Collegiate Clean Energy, LLC