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June 12, 2012
FERC accepted, with modifications, revisions to the Midwest ISO's Module E resource adequacy construct, and while FERC improved in some territories MISO's original proposal with respect to the assignment of capacity obligations to retail suppliers in retail choice environments, FERC's approved…
June 1, 2012
The Brattle Group's report on ERCOT Investment Incentives and Resource Adequacy, prepared at the request of ERCOT, claims that none of the PUCT's existing proposals addressing the energy-only market, "would likely support a target reserve margin consistent with the 1-in-10 criterion, unless much…
May 31, 2012
New York State Electric & Gas Corporation has requested a temporary waiver of certain portions of the company's Gas Cost Refund tariff provision to allow a refund received by the company from Tennessee Gas Pipeline Company to be returned to non-daily metered (aggregation) gas customers as well as…
May 30, 2012
The Public Utilities Commission of Ohio today continued the application of interim capacity charges at AEP Ohio which are above the RPM market price for capacity, reversing an earlier order which had stated that the interim rates were to cease, in favor of the RPM price, after May 31, 2012.
May 30, 2012
AEP Retail Energy Partners LLC has requested a modification to the procedural schedule regarding consideration of the FirstEnergy Ohio utilities' electric security plan (ESP) , and an opportunity to present additional testimony, in light of the results of the PJM Base Residual Auction for the…
May 25, 2012
The Michigan PSC will establish a state compensation mechanism governing the charges paid by retail electric suppliers for capacity provided by Indiana Michigan Power Company to retail suppliers under I&M's Fixed Resource Requirement (Case No. U-17032).
May 23, 2012
The California PUC intends to adopt a framework for requiring load serving entities, including electric service providers, to fill flexible capacity needs by the end of 2012, for implementation in 2014, a proposed decision in the 2013 local resource adequacy (RA) proceeding states (R. 11-10-023).
May 22, 2012
"[E]xtraordinary uncertainty about future market conditions and prices," in the American Transmission Systems Inc. zone, in which the FirstEnergy Ohio distribution companies are located, augurs against the use of 36-month supply contracts procured in October 2012 and January 2013 to serve default…
May 22, 2012
ERCOT has released its May 2012 Report on the Capacity, Demand, and Reserves in the ERCOT Region, which shows improving reserve margins compared with the December 2011 forecast.
May 21, 2012
A blowout clearing price of $357.00/MW-day for annual resources in the American Transmission Systems, Inc. zone resulting from PJM's Base Residual Auction for capacity for the 2015/16 period will no doubt have implications for several pending cases before the Public Utilities Commission of Ohio.
May 18, 2012
The PJM Independent Market Monitor has filed at FERC to withdraw its complaint against the unnamed owner of an unnamed capacity unit which the IMM alleged was using modeling assumptions in its capacity sell offer that were inconsistent with the Minimum Offer Price Rule in the Reliability Pricing…
May 18, 2012
The Maine PUC has set the energy component for large non-residential Standard Offer rates at Central Maine Power and Bangor Hydro-Electric for the month of June.
May 15, 2012
Credits under PJM's price responsive demand (PRD) program, which reflect the capacity savings from the existence of the price responsive demand, will be paid only to load serving entities, and not non-LSE PRD providers, under a FERC order issued yesterday, but FERC will be monitoring the issue going…
May 14, 2012
A settlement in National Fuel Gas Distribution Corporation's 1307(f) proceeding in Pennsylvania would allocate a portion of contingency capacity, and attendant costs, to choice customers (R-2012-2281465).
May 10, 2012
While Staff of the Public Utilities Commission of Ohio found on a quantitative basis that prices under a Market Rate Offer (MRO) are more favorable than the pricing under AEP Ohio's proposed electric security plan (ESP), Staff said in testimony on the ESP that other considerations should be taken…
May 8, 2012
The Ohio Energy Group, composed of several large industrial customers, has proposed in AEP Ohio's electric security plan proceeding that the capacity charge applicable to competitive retail suppliers taking capacity from AEP Ohio under the Fixed Resource Requirement should equal the average price of…
May 4, 2012
A discussion during yesterday's NRG Energy earnings conference call shows how Texas retail electric providers would be forced to subsidize their competitors if a mandatory capacity payment were introduced to the market.
May 3, 2012
The PJM Independent Market Monitor has filed a complaint at FERC seeking a determination that various modeling assumptions, and the resulting sell offer, from an unnamed capacity supplier are invalid, and that the such assumptions must be modified to conform to the Minimum Offer Price Rule.
May 3, 2012
The Illinois Power Agency has posted results from the recent default service procurements at Commonwealth Edison (energy only) and Ameren (energy and capacity).
May 2, 2012
ERCOT's latest Seasonal Assessment of Resource Adequacy for the summer of 2012 confirms that, while Energy Emergency Alerts (EEA) are likely to be called on multiple occasions, "these EEA declarations are not likely to result in the need to institute rotating outages."
May 2, 2012
Despite an imminent increase in the ERCOT price cap to $4,500, and likely increase to at least $7,000 in 2014, several unregulated Texas asset owners continue to seek government subsidies in the form of capacity payments imposed on load.
May 1, 2012
Entergy Texas, Inc. filed its application at the PUCT (40346) to transfer operational control of its transmission assets to the Midwest Independent Transmission System Operator, Inc.
May 1, 2012
FERC accepted for filing but suspended for five months the formula capacity rate filed rate by Indiana Michigan Power (I&M) Company, an AEP company, that would be charged to retail suppliers taking capacity under I&M's Fixed Resource Requirement plan, as FERC's preliminary analysis, "indicates that…
May 1, 2012
Ohio Power Company has petitioned PUCO to maintain the tiered capacity prices applicable to retail suppliers, including the $255/MW-day charge for competitive load in the second tier, until PUCO issues a merit decision in the capacity charge case (1 0-2929-EL-UNC).
April 30, 2012
Calpine announced Friday that it is actively permitting the addition of 520 MW of combined-cycle capacity at existing sites in ERCOT, with anticipated commencement of commercial operations by the summer of 2014.
