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February 17, 2012
FERC approved a settlement adjusting the capacity price under the California ISO's Capacity Procurement Mechanism (CPM), and other terms of the mechanism (ER11-2256).
January 18, 2012
A California PUC comment (draft) resolution would direct Pacific Gas & Electric, Southern California Edison, and San Diego Gas & Electric to negotiate to enter into a contract with Calpine's Sutter Energy Center to end no later than December 31, 2012, and would adopt a nonbypassable charge to pay…
November 28, 2011
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).
August 30, 2011
The California ISO will soon be submitting a filing with FERC to remove from its current market design the ability for parties to submit virtual bids at the interties, with such activity to be prohibited as soon as early November 2011 (ER11-4384).
August 22, 2011
FERC has opened a non-public, formal investigation regarding energy market manipulation that may have occurred in connection with certain bidding practices which artificially increased payments under the bid cost recovery mechanism in the California ISO (ER11-3856).
July 26, 2011
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.)
May 20, 2011
FERC granted the California ISO's request to waive the imposition of penalties, for the period starting from the November 1, 2009 trade date through the February 1, 2011 trade date, on scheduling coordinators that submitted amended meter data between 43 calendar days and 61 business days from the…
March 22, 2011
The California ISO has identified an "exploitation" of the existing bid cost recovery tariff rules which has caused load to overpay certain resources by $57 million, CAISO said in submitting tariff changes to prohibit the practice (ER11-3149).
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…
November 16, 2010
The California PUC has issued a proposed decision (Rulemaking 10-05-006) which would adopt upfront standards for investor owned utilities (IOUs) Pacific Gas and Electric Company (PG&E), San Diego Gas & Electric Company (SDG&E), and Southern California Edison (SCE) to participate in convergence…
October 4, 2010
The California ISO, several California generators, and the state's major investor-owned utilities have filed a settlement at FERC governing the allocation of payments required of market participants to cover defaults in the CAISO market. Several municipal utilities as well as FERC Staff have…
