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May 28, 2014
The Retail Energy Supply Association has slammed a petition from Duke Energy to recover from PJM load about $10 million in unrecovered costs associated with procuring fuel for potential dispatch during January's cold weather.
May 28, 2014
Exelon said in an 8-K yesterday that three Exelon Generation Company, LLC nuclear units located in PJM -- Byron and Quad Cities in Illinois and Oyster Creek in New Jersey -- did not clear the 2017/18 PJM Base Residual Auction.
May 27, 2014
FirstEnergy Service Company filed a complaint at FERC requesting that the Commission issue an order requiring the removal of all portions of the PJM tariff allowing or requiring PJM to include demand response as suppliers to PJM's capacity markets, with a refund effective date of May 23, 2014
May 27, 2014
Rest of RTO capacity prices in PJM increased by 100% in PJM's 2017/18 Base Residual Auction.
May 19, 2014
Under a preliminary PJM Staff recommendation concerning "reforms" to the capacity market, PJM would allow generators to earn windfall energy market revenues without such revenues being used to offset the compensation required from the capacity market.
May 15, 2014
Unitil (Northern Utilities) has petitioned the Maine PUC for a series of tariff changes in its non-residential natural gas choice program, arguing that the changes are needed to ensure appropriate planning and reliability
May 12, 2014
FERC has rejected as unjust and unreasonable a series of changes proposed by PJM which would have had the effect of increasing capacity prices.
May 6, 2014
Duke Energy filed a complaint at FERC seeking $9.8 million in unrecovered costs which is said resulted from following PJM directives for certain of its merchant units to be available, but which were not dispatched.
May 2, 2014
ERCOT's May Capacity, Demand and Reserves report has again shown an improvement in forecast reserve margins as certain delivery years draw near, and now forecasts adequate reserve margins for the next three years -- the very outcome expected under a well-functioning energy-only market.
April 28, 2014
Opposition from the Independent Power Producers of New York to the re-opening of the Danskammer Generating Facility, "demonstrate its [IPPNY's] unwillingness to allow new entrants or reentry into the competitive wholesale energy and capacity markets," Central Hudson Gas & Electric said in comments…
April 18, 2014
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 2014.
April 17, 2014
The Michigan PSC has approved a reservation charge applicable to retail natural gas choice customers at DTE Gas (MichCon).
April 16, 2014
The Midcontinent ISO's annual planning resource auction for 2014-15 resulted in a capacity clearing price of $16.75 per MW-Day for Illinois (Zone 4).
April 15, 2014
George Jepsen, Attorney General for the State of Connecticut, petitioned FERC to investigate the results from the 2017-18 ISO New England Forward Capacity Auction, alleging that a generator, "may have exercised market power."
April 10, 2014
The Council of Smaller Enterprises (COSE), a Northeast-Ohio small business association, warned small businesses about, "alarming increases projected in electricity cost."
April 9, 2014
Addressing the U.S. Chamber of Commerce, FirstEnergy Corp. CEO Anthony Alexander complained yesterday of "intrusive and disruptive" government interference in the electric markets.
April 3, 2014
As expected, ESCOs serving Lower Hudson Valley customers in New York will see a substantial increase in capacity prices, based on pricing from the summer 2014 ICAP strip auction.
April 2, 2014
ISO New England has filed at FERC to implement a system-wide sloped demand curve in its capacity market for Forward Capacity Auction 9 to be held in February 2015, for the 2018-19 delivery year.
April 2, 2014
"We love freedom in Texas ... and as I sit here today our focus is on freedom," Andrew Sunderman, Chief Financial Officer of Direct Energy, said in a keynote at the Gulf Coast Power Association spring conference.
April 1, 2014
If you're a retail supplier whose livelihood is under attack because of uncompetitive pricing in the broken wholesale electric market, here's some salt for that wound.
March 27, 2014
NRG recently published a letter on its website (click here) from CEO David Crane which outlines Crane's visions for NRG and the industry, and which we again see as irreconcilably in conflict with NRG's preferred policy of a capacity market in Texas.
March 26, 2014
The Independent Power Producers of New York have amended their pending complaint at FERC alleging impermissible price suppression from purported buyer-side market power in the New York ISO capacity market.
March 20, 2014
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 April 2014.
March 20, 2014
In keeping with its long-standing disdain regarding the needs of retail electric suppliers and the foundation necessary for a properly functioning retail electric market, FERC has not seen fit to include any companies which are exclusively focused on supplying competitive retail energy on the…
March 14, 2014
A decision from the California PUC authorizes two utilities to procure generation to meet local capacity requirements, with recovery authorized through the nonbypassable Cost Allocation Mechanism.
