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April 13, 2011
FERC yesterday rushed to adopt tariff changes regarding the PJM Reliability Pricing Model administrative capacity mechanism which are solely designed to raise the capacity prices paid by end use customers by up to $3 billion, in accepting revisions related to the Minimum Offer Price Rule (MOPR).
April 11, 2011
National Fuel Marketing Company, LLC and several affiliates will pay a civil penalty of $290,000 under a settlement with FERC to resolve an investigation into the bidding of multiple National Fuel Marketing affiliates into a March 2007 open season on Cheyenne Plains Gas Pipeline.
April 11, 2011
The Midwest ISO has petitioned FERC for a declaratory order, asking that FERC confirm that the terms of the Joint Operating Agreement in effect between the Southwest Power Pool and MISO, regarding the sharing of transmission capacity on a common path, will remain in effect and applicable to Entergy…
April 11, 2011
FERC has issued a NOPR to prohibit multiple affiliates of the same entity from bidding in an open season for pipeline capacity in which the pipeline may allocate capacity on a pro rata basis, unless each affiliate has an "independent business reason" for submitting a bid (RM11-15).
April 5, 2011
The California PUC has issued a draft decision to harmonize its nonbypassable Cost Allocation Mechanism (CAM) rules, which assign costs of generation built or procured for reliability, with the language of SB 695 (R. 10-05-006).
April 5, 2011
AEP has filed a section 206 complaint at FERC seeking changes to the capacity cost compensation mechanism for utilities using the Fixed Resource Requirement (FRR), after the Commission rejected the AEP Ohio companies' earlier attempt, through a section 205 filing, to raise the capacity costs charged…
March 30, 2011
The New Jersey Board of Public Utilities yesterday awarded three long-term Standard Offer Capacity Agreements to build new mid-merit electric generation facilities, which are anticipated to reduce retail electric rates by $1.8 billion.
March 24, 2011
A determination by the ISO New England Internal Market Monitoring Unit that 151 MW of new energy efficiency resources resulting from state sponsored programs, which had sought to bid into the fifth Forward Capacity Auction, are out of market could result in hundreds of millions of dollar in…
March 18, 2011
In another order which will eventually raise retail electric rates, FERC mandated the use of a using a "one day in ten year" loss of load criterion in resource adequacy studies in the ReliabilityFirst region (RM10-10).
March 11, 2011
PJM's capacity markets are only competitive due to the application of market mitigation, the annual state of the markets report from PJM's Independent Market Monitor reiterated yesterday.
March 11, 2011
Niagara Mohawk has filed its proposed new rate mechanism for electric commodity pricing for default service customers with the New York PSC, which is substantially similar to NiMo's original proposal filed in January 2010 as part of a rate case (see 2/1/10)
March 9, 2011
PJM has petitioned FERC for a limited waiver to allow a defaulting PJM Member, York Generation Company, L.L.C., the limited ability to participate in PJM's energy and capacity markets until York has satisfied its outstanding payment obligation to PJM pursuant to the terms and conditions of a payment…
March 7, 2011
PJM's Reliability Pricing Model, "may provide near-term value to system reliability, [but] these short term solutions will not provide for long-term SOS needs," Maryland PSC Chairman Douglas Nazarian said in testimony protesting proposed changes from PJM and the PJM Power Providers Group regarding…
February 18, 2011
In another decision which will increase retail customers' electric bills, FERC has adopted changes to the calculation of the Peak Energy Rent strike price in ISO New England, which will essentially increase the capacity costs borne by load versus the current mechanism (ER11-2427).
February 16, 2011
Md. PSC Sets Hearing on Price to Compare Calculation The Maryland PSC has scheduled a hearing for March 29 on the Office of People's Counsel petition for modifications to the utility SOS Price to Compare calculation process (Case 9228). OPC's petition was exclusively reported by Matters ( 2/11 ). In…
February 14, 2011
PJM has filed its expected tariff changes at FERC to "reform" the capacity market Minimum Offer Price Rule so that it can be applied to protect $2 billion in capacity payments that is expected to be paid to generators absent action (or potential action) for new capacity to be built under long-term…
February 10, 2011
The U.S. Court of Appeals for the District of Columbia Circuit denied an appeal brought by several load interests, collectively referred to as RPM Buyers, against a prior FERC order which dismissed the RPM Buyers' complaint against the transitional Reliability Pricing Model auctions ( 9/22/08 ).
February 8, 2011
North American Power to Expand Non-Profit Affinity Programs North American Power reported yesterday information related to its ".Org" affinity program for non-profits, in announcing its intent to grow the program. Non-profits participating in the affinity program enroll customers with North American…
February 2, 2011
The PJM (P3) Power Providers Group filed a complaint at FERC regarding the current Minimum Offer Price rule in the PJM Reliability Pricing Model market, nakedly claiming it is no longer "just and reasonable" because capacity suppliers stand to lose up to $3 billion annually in easy money as New…
February 2, 2011
February 2, 2011 9:43 a.m. est
The Electric Reliability Council of Texas (ERCOT) has instructed utilities to begin rotating outages to compensate for a generation shortage due to numerous plant trips that occurred because of the extreme weather.
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…
February 1, 2011
Retail customers in PJM took another hit yesterday as federal regulators continued to create market designs which will lead to higher capacity prices, this time in approving the main tenets behind two new carve-out demand response products in the Reliability Pricing Model (ER11-2288).
January 31, 2011
In another order which will raise capacity costs for customers, this time in New York, FERC accepted with modifications the New York ISO's proposed tariff to reset the ICAP demand curves (ER11-2224).
January 31, 2011
The introduction of 1,800 MW of new capacity in the Pepco zone, which would bid into the Reliability Pricing Model at $0 due to a ratepayer-based long-term contract, would save PJM end users $1 billion annually in capacity payments, according to an analysis by the Independent Market Monitor.
January 31, 2011
Ohio Power's proposed electric security plan is designed to eliminate the "free ride" enjoyed by competitive suppliers and decrease migration in the AEP Ohio territories, AEP CEO Michael Morris said during an earnings call Friday.
