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August 24, 2015
Exelon Corporation today announced that the Oyster Creek, Quad Cities and Three Mile Island nuclear power plants did not clear in the PJM capacity auction for the 2018-19 planning year
August 24, 2015
Capacity prices in PJM soared in the 2018-19 Base Residual Auction, the first auction which included a capacity performance product
August 7, 2015
The quarter ending June 30, 2015 marked the fourth consecutive quarter of "strong improvement" in adjusted EBIT over prior year results at WGL Holdings' retail energy marketing segment
August 7, 2015
"PJM indicated last week that it intends to clear [the capacity performance transitional incremental auctions] in a manner that does not minimize the cost of procuring capacity in each Delivery Year when satisfying the new Capacity Performance Resource procurement targets in these years," Direct…
July 24, 2015
From a resource adequacy planning standpoint, Michigan is unlikely to experience outages due to a lack of supply in 2016/2017, the PSC has concluded, though the PSC remains wary about future prospects.
July 24, 2015
Given delays in the adjudication of sought PPAs between AEP's Ohio utilities and its merchant power plants, AEP executives said during an earnings call yesterday that the "main determinant" in AEP's strategic review of its merchant generation business (including its retail supplier) will be PJM…
July 23, 2015
PJM's correct interpretation of its capacity performance tariff that excludes demand response and other non-generation resources from upcoming capacity auctions during a transition period is nonetheless unjust and unreasonable, FERC ruled yesterday, as the Commission directed PJM to delay the…
July 21, 2015
NextEra Energy Resources, LLC filed comments at FERC in support of a petition from load interests to require PJM to use an updated load forecast methodology for upcoming capacity auctions, saying it is, "plainly unjust and unreasonable," to require load to pay $625 million in excessive capacity…
July 20, 2015
Two Maine hearing examiners have made recommendations on behalf of the Maine PUC advisory staff regarding changes to the retail choice program at Northern Utilities.
July 20, 2015
Talen Energy Corporation announced an agreement to acquire MACH Gen, LLC, which owns more than 2,500 megawatts of combined-cycle, natural gas-fired generating capacity, for $1.175 billion inclusive of any assumed debt, subject to customary purchase price adjustments.
July 17, 2015
FERC Staff issued a notice that, "in a non-public, preliminary investigation," Staff of the FERC Office of Enforcement, "has preliminarily determined that Columbia Gas Transmission LLC (Columbia Gas) violated Part 4 of the General Term and Conditions of its FERC Gas Tariff by failing to post the…
July 6, 2015
Michigan State Senator Mike Nofs, Chair of the Energy and Technology committee, has introduced a bill (SB 0437) which would maintain the 10% electric choice cap but make choice available only to current customers taking competitive supply or on the wait list, and would essentially require a one-time…
June 23, 2015
The issue of removing capacity costs from base delivery rates at the Long Island Power Authority should be examined in a separated proceeding to be opened concerning retail choice issues at LIPA, New York PSC Staff said in testimony last month concerning LIPA's proposed three-year rate plan.
June 17, 2015
The Maine PUC has set the Standard Offer rates for the large non-residential classes at Central Maine Power and Bangor Hydro-Electric for the month of July 2015.
June 11, 2015
FERC denied make-whole payments sought by various Duke Energy generators related to their operation during the polar vortex, but opened a section 206 proceeding regarding compensation to generators in such circumstances (Docket EL14-45)
June 10, 2015
In a dissent from a FERC order largely adopting PJM's capacity performance proposal without modification, FERC Chairman Norman Bay warned that the flawed market design adopted by his colleagues will allow generators to profit despite non-performance.
June 10, 2015
FERC generally accepted as-filed PJM's capacity performance proposal, including most notably approving PJM's proposed transition mechanism without modification.
June 9, 2015
In testimony concerning Northern Utilities' proposal to provide capacity planning for 100% of its load with the exception of dual fuel customers (eliminating the capacity exempt status for other transportation customers), Global Montello Group Corp. and Sprague Operating Resources, LLC expressed…
June 1, 2015
FERC accpeted a filing from ISO New England that identifies two potential new boundaries for Capacity Zones for ISO-NE’s tenth Forward Capacity Auction (FCA 10).
May 5, 2015
ERCOT's latest Capacity, Demand and Reserves (CDR) report shows that reserve margins are expected to exceed 15 percent through 2021, and above the target 13.75% through 2022.
May 1, 2015
To put a capper on why capacity markets are bad for customers, consider this:
April 27, 2015
Maryland's April SOS auction, for a portion of residential and Type I supplies for the period beginning October 1, 2015, and Type II supplies for the quarter beginning June 1, 2015, saw a material increase in bidder participation, the PSC's bid monitor reported.
April 27, 2015
FERC granted PJM a waiver to delay its base residual capacity auction for the 2018-19 delivery year.
April 24, 2015
AEP is awaiting further clarity on Ohio's acceptance of purchased power agreements and the outcome and pricing of PJM's capacity performance proposal at FERC before making a decision on the future of its merchant generation business, which includes its competitive retail supplier, executives said…
April 17, 2015
The Maine PUC has set the Standard Offer rates for the large non-residential classes at Central Maine Power and Bangor Hydro-Electric for the month of May 2015.
