Briefly

Karthik Rajan Named VP of ERCOT Sales for GDF SUEZ Energy Resources NA

GDF SUEZ Energy Resources NA has named Karthik Rajan as Regional Vice President of Sales in the ERCOT service area. Rajan most recently served as Senior Director of Quantitative Services within the company's Strategy, Portfolio and Risk Management Group. Since 2002, Rajan has held a variety of positions at GDF SUEZ, covering North American business operations in wholesale and retail electric power, gas, liquefied natural gas, merchant assets, renewables, and commodity trading.

Nordic Energy Services Offering Oak Brook Residents Price Below Municipal Aggregation Rate

Nordic Energy Services said yesterday that it is offering residential customers in Oak Brook, Illinois an electric supply rate that is 10% lower than the winning bid from a recent municipal aggregation in which Oak Brook participated. The Oak Brook contract was awarded to Integrys Energy Group, and includes a rate of 5.52 for residential customers.

TXU Energy Offering New Customers Opportunity to Win Chevy Volt

TXU Energy is conducting a promotional sweepstakes offering customers a chance to win 2012 Chevrolet Volt if they switch to TXU by December 31, 2011. Customers can also enter by sharing stories about their experience with variable rate plans via the company's Facebook page. TXU Energy is also awarding the sweepstakes winner $5,000 to help offset costs such as taxes and the optional installation of a charging station for their home.

FERC Proposes to Collect More RTO Market Data

FERC yesterday issued a formal NOPR to revise its regulations and require each jurisdictional RTO and ISO to electronically deliver to the Commission, on an ongoing, non-public basis, data related to the markets that it administers; namely, data relating to physical and virtual offers and bids; energy/ancillary awards; capacity market offers, designations, and prices; resource outputs; marginal cost estimates; shift factors; FTRs; internal bilateral contracts; and interchange pricing. FERC said that the data will help it detect anti-competitive or manipulative behavior, or ineffective market rules. FERC said that most of the data discussed in the NOPR are already collected and stored by the RTOs/ISOs in order to administer their markets. To the extent that an RTO/ISO does not already collect specific data, the Commission is not proposing to require either the collection of such data from market participants or its electronic delivery to the Commission (RM11-17).

FERC Sets Vermont Yankee De-list Bid for Hearing

FERC set for hearing consideration of Entergy Nuclear Power Marketing's dynamic de-list bid submitted for Vermont Yankee in ISO-NE's fifth Forward Capacity Auction. At issue is whether the bid of $4.278/kW-month is justified based on going forward costs. The auction results were otherwise accepted for filing.