July 26, 2011
FERC Approves CAISO Virtual Award Charge
FERC approved the California ISO's proposed level of its virtual award charge, which applies to scheduling coordinators engaged in convergence bidding (ER11-2128 et. al.)
FERC
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July 25, 2011
IMM Says Proposed Constellation-Exelon Divestiture Does Not Completely Eliminate Competitive Issues
The proposal from Constellation Energy and Exelon to divest three generating plants in PJM as part of their proposed merger would not eliminate the competitive issues of the merger, PJM's Independent Market Monitor said in comments at FERC (EC11-83).
July 25, 2011
PJM "Will" Propose Voluntary Capacity Auction With Longer Commitment Period
PJM said in a FERC filing that it "will" propose a New Entry Price Adjustment (NEPA) alternative under which PJM would operate a voluntary capacity auction that would allow suppliers to submit offers to sell standardized multi-year contracts in excess of three years (ER11-2875).
July 25, 2011
CMP, BHE Propose Selling Output from Long-Term Contracts in Wholesale Market, Applying Impact to All Customers
Central Maine Power and Bangor Hydro-Electric have both recommended selling the energy associated with new long-term contracts with renewable energy facilities into the wholesale market, with any costs or benefits applicable to all customers (Docket 2011-222).
July 22, 2011
FERC Opens Ratepayer Wallets to Fund Transmission Subsidization
FERC yesterday adopted a final rule on transmission cost allocation clearly aimed at socializing greater amounts of transmission costs over a wider number of retail customers (RM10-23).
July 22, 2011
Briefly
Integrys Energy Services to Supply North Aurora Municipal Aggregation
July 22, 2011
FERC Reverses Refund Order Regarding Marginal Loss Cost Allocation at PJM
FERC ruled in favor of Integrys Energy Services and, on rehearing, found that refunds originally ordered to be paid to parties engaged in certain virtual transactions in PJM, due to a change in the allocation of marginal line loss surpluses, shall now no longer be paid to such virtual traders…
July 21, 2011
Md. OPC, Pa. OCA Call Exelon-Constellation Mitigation Proposal Inadequate
In a protest at FERC (EC11-83), the Maryland Office of People's Counsel and Pennsylvania Office of Consumer Advocate called the proposed mitigation offered by Exelon and Constellation Energy as part of their merger application inadequate, while also calling the analysis of retail market issues…
July 21, 2011
Clean Currents: PJM Credit Changes Solidify "Dominance" of Large Incumbents
Various proposals from PJM regarding increased credit requirements, in response to the FERC RTO credit "reform" order, will not help avoid the intended moral hazard or limit risk, and are instead, "just market barriers that solidify the dominance of large incumbent players," CCES LLC said in…
July 21, 2011
MISO Capacity Obligation Tariff Filing Laves Price Paid for Switched Load Unanswered
The Midwest ISO's formal tariff filing at FERC to implement revisions to its Module E resource adequacy construct, including the creation of an annual commitment period and central auction with opt-out provisions, still leaves many questions unanswered regarding the interaction of various elections…
July 20, 2011
Briefly
Constellation Energy has signed an agreement to provide electricity to U.S. Postal Service facilities in New York, Massachusetts and Maine through July 2012, continuing a six-year relationship with USPS. Constellation also currently provides electricity to the USPS in Connecticut, Pennsylvania…
July 13, 2011
Briefly
Reliant Energy to Supply Redskins, NRG Installing Solar
July 12, 2011
BHE, National Grid Dismiss Concerns Regarding PPAs with Participants in Participant Funded Transmission Line
Bangor Hydro-Electric Company and National Grid Transmission Services Corporation have sought a declaratory order from FERC affirming that a participant funded transmission line, to be subscribed by First Wind Holdings, Inc., meets the Commission's policy and precedent (EL11-49).
July 7, 2011
Complaint by N.Y. Capacity Suppliers Would Deprive Load of Full Benefits of Competition
The, "full benefits of competitive markets would not be allowed to materialize," if FERC were to grant a complaint from several generators against the New York ISO regarding the implementation of existing buyer-side mitigation rules in the ICAP market, the New York PSC said (EL11-42).
July 7, 2011
FERC Approves Nstar-NU Merger
FERC has approved the merger application of Nstar and Northeast Utilities, finding that the merger will have no adverse effect on competition as a result of either horizontal or vertical market power (EC11-35).
July 6, 2011
Briefly
Nordic Energy Services Partners with Midwest Lighting Services
July 5, 2011
ISO New England to Require Market Participants to Demonstrate $1 Million in Tangible Net Worth
Market participants in ISO New England would be required to have an investment grade credit rating, maintain a minimum tangible net worth of $1 million, or maintain a minimum of $10 million in total assets under proposed new minimum participation requirements proposed by ISO-NE.
July 5, 2011
NYISO to Require Market Participants to Demonstrate $1 Million in Tangible Net Worth
New York ISO's proposed capitalization requirement for market participants would require market participants to demonstrate, based on their most recent audited financial statements, either $10 million in assets or $1 million in tangible net worth.
July 5, 2011
NEM Seeks Elimination of 30-Day Notice Requirement for Contract Termination in N.J.
Absent non-recourse Purchase of Receivables, the New Jersey BPU should not require competitive suppliers to provide a customer with 30 days written notice of termination, the National Energy Marketers Association told the New Jersey BPU (EX11020089).
July 5, 2011
Pepco Planning to Use Hourly Load Data for Supplier Settlement in Late 2013
Pepco is planning to use hourly data for load settlement with suppliers in the PJM marketplace by the, "latter part of 2013," it informed the District of Columbia PSC (FC 1017).
July 4, 2011
Briefly
Constellation Now Serving 900,000 Residential Customers with Close of MXenergy Acquisition
July 4, 2011
FERC Rules in Favor of MISO in MISO-SPP JOA Dispute Crucial to Entergy Integration
FERC has ruled in favor of the Midwest ISO in an interpretation of the MISO-Southwest Power Pool Joint Operating Agreement (JOA) which is critical in the proposed integration of Entergy into MISO as a transmission owner (EL11-34).
July 1, 2011
Proposed PJM Minimum Criteria for Market Participation Said to Drive Small Players Out of Market
PJM has proposed two sets of minimum participation criteria which market participants would be required to meet in order to participate in the PJM market, which small firms have said will drive them out of the market.
June 30, 2011
Briefly
Nstar Files Adder for All Basic Service Rates due to Green Under-recovery
June 29, 2011
Briefly
Integrys Energy Services Seeks FERC Action on SECA Rehearing, Compliance Filings