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February 25, 2011
The Pennsylvania PUC approved, without additional retail market-related conditions, a non-unanimous stipulation authorizing the merger of FirstEnergy Corp. and Allegheny Energy (A-2010-2176520 et. al.).
February 18, 2011
FERC yesterday issued a Notice of Proposed Rulemaking (RM11-7) to establish uniform compensation for frequency regulation service in the jurisdictional RTOs, stating that faster-ramping resources may be under-compensated for their services.
February 18, 2011
FERC granted limited rehearing on its October RTO credit reforms order, eliminating the prior provision allowing corporate families to use up to $100 million in unsecured credit, while limiting other stakeholders to $50 million.
February 18, 2011
In another decision which will increase retail customers' electric bills, FERC has adopted changes to the calculation of the Peak Energy Rent strike price in ISO New England, which will essentially increase the capacity costs borne by load versus the current mechanism (ER11-2427).
February 16, 2011
Md. PSC Sets Hearing on Price to Compare Calculation The Maryland PSC has scheduled a hearing for March 29 on the Office of People's Counsel petition for modifications to the utility SOS Price to Compare calculation process (Case 9228). OPC's petition was exclusively reported by Matters ( 2/11 ). In…
February 14, 2011
PJM has filed its expected tariff changes at FERC to "reform" the capacity market Minimum Offer Price Rule so that it can be applied to protect $2 billion in capacity payments that is expected to be paid to generators absent action (or potential action) for new capacity to be built under long-term…
February 10, 2011
The U.S. Court of Appeals for the District of Columbia Circuit denied an appeal brought by several load interests, collectively referred to as RPM Buyers, against a prior FERC order which dismissed the RPM Buyers' complaint against the transitional Reliability Pricing Model auctions ( 9/22/08 ).
February 8, 2011
North American Power to Expand Non-Profit Affinity Programs North American Power reported yesterday information related to its ".Org" affinity program for non-profits, in announcing its intent to grow the program. Non-profits participating in the affinity program enroll customers with North American…
February 2, 2011
The PJM (P3) Power Providers Group filed a complaint at FERC regarding the current Minimum Offer Price rule in the PJM Reliability Pricing Model market, nakedly claiming it is no longer "just and reasonable" because capacity suppliers stand to lose up to $3 billion annually in easy money as New…
February 1, 2011
Christie Signs N.J. Capacity RFP Bill As expected, New Jersey Gov. Chris Christie signed into law S2381, which requires the Board of Public Utilities to acquire 2,000 MW of new capacity for the delivery year starting June 1, 2014 or June 1, 2015 ( see 1/11 for full discussion of the bill’s…
February 1, 2011
Retail customers in PJM took another hit yesterday as federal regulators continued to create market designs which will lead to higher capacity prices, this time in approving the main tenets behind two new carve-out demand response products in the Reliability Pricing Model (ER11-2288).
January 31, 2011
In another order which will raise capacity costs for customers, this time in New York, FERC accepted with modifications the New York ISO's proposed tariff to reset the ICAP demand curves (ER11-2224).
January 31, 2011
The introduction of 1,800 MW of new capacity in the Pepco zone, which would bid into the Reliability Pricing Model at $0 due to a ratepayer-based long-term contract, would save PJM end users $1 billion annually in capacity payments, according to an analysis by the Independent Market Monitor.
January 31, 2011
Ohio Power's proposed electric security plan is designed to eliminate the "free ride" enjoyed by competitive suppliers and decrease migration in the AEP Ohio territories, AEP CEO Michael Morris said during an earnings call Friday.
January 25, 2011
Shahid Malik Joins South Jersey Industries Board South Jersey Industries, whose South Jersey Energy Co. subsidiary continues to expand its retail supply operations (see 11/9 and 8/6 ), has elected former Strategic Energy CEO Shahid Malik to the board of directors of SJI and South Jersey Energy Co.…
January 21, 2011
N.Y. PSC Approves Monthly Balancing at KEDLI The New York PSC approved KeySpan Energy Delivery Long Island's tariff (06-G-1186) to implement an Interim Monthly Balancing Transportation Program for its non-firm transportation customers receiving service under Service Classification No. 7…
January 21, 2011
FERC ruled yesterday that Columbus Southern Power and Ohio Power are not authorized to introduce a new formula rate to set the price paid for capacity by competitive retail suppliers under the AEP Ohio Fixed Resource Requirement (ER11-2183).
January 12, 2011
AEP Ohio sought rehearing of the Public Utilities Commission of Ohio's order establishing a state compensation mechanism for capacity under the AEP Ohio Fixed Resource Requirement (FRR) plan, arguing that PUCO lacks such authority, and that PUCO's order infringes upon FERC's exclusive jurisdiction…
January 12, 2011
New England generators, with the support of ISO New England, are seeking to implement "knee jerk" changes to the Peak Energy Rent mechanism of the Forward Capacity Market which would retroactively cost load in excess of $100 million, retail and load suppliers said in protests at FERC (ER11-2427).
January 11, 2011
Notwithstanding the fact that several states in eastern forward capacity markets are racing to take any action to blunt or mitigate the pricing impacts from such markets, several generators filed a protest at FERC requesting that FERC impose strict deadlines for the Midwest ISO to implement…
January 10, 2011
FERC Denies Rehearing on Elimination of Corporate Guarantees in ISO New England FERC denied rehearing of its July order which eliminated corporate guarantees as a form of credit in ISO New England (ER10-942). Several competitive retail and wholesale suppliers had sought rehearing, arguing that the…
January 6, 2011
PJM has sought approval at FERC to impose late payment fees on members failing to pay invoices in a timely manner, effective April 1, 2011.
January 5, 2011
PJM and the Midwest ISO have filed a proposed settlement at FERC to resolve all claims relating to several cross-complaints (Dockets EL10-45 et. al.) lodged by each RTO concerning the Joint Operating Agreement (JOA).
January 5, 2011
The New York ISO and New York Transmission Owners have asked FERC to approve several "criteria and considerations" for identifying a possible need for new capacity zones, and for triggering a requirement to further evaluate such potential zones (ER04-449 et. al.).
January 3, 2011
The New York ISO has filed with FERC proposed tariff amendments to revise provisions concerning the Market Power Mitigation Measures and the Market Monitoring Plan.
