January 27, 2011
Exelon's Rowe Says Current Capacity Prices Won't Bring New Entrants
Capacity prices in PJM must rise in order for new entrants to invest in generation, Exelon CEO John Rowe said during an earnings call yesterday.
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January 26, 2011
Michigan Gas Utilities Seeks to Impose Capacity Reservation Surcharge on Choice Suppliers
Michigan Gas Utilities Corporation has sought approval from the Michigan PSC (U-16513) to implement a Reservation Surcharge applicable to both non-shopping Gas Cost Recovery (GCR) customers and Gas Choice Customers (GCC).
January 21, 2011
FERC Rejects Formula Rate for AEP Ohio FRR Capacity Compensation
FERC ruled yesterday that Columbus Southern Power and Ohio Power are not authorized to introduce a new formula rate to set the price paid for capacity by competitive retail suppliers under the AEP Ohio Fixed Resource Requirement (ER11-2183).
January 20, 2011
RG&E Seeks to Terminate Divestiture Plan for Remaining Fossil Generation
Rochester Gas and Electric has recommended that the New York PSC terminate its fossil generation divestiture plan, due to, "the unsatisfactory results in the indicative bid stage of the auction and the unattractiveness of the assets."
January 18, 2011
Hancock: Time for Maryland to consider electricity re-regulation
Citing $1 billion in annual costs to Maryland ratepayers from PJM’s centralized, forward capacity market which has failed to lead to new baseload, Baltimore Sun columnist Jay Hancock has three recent columns/posts on the need to re-regulate Maryland’s procurement of electric supplies. As first noted…
January 12, 2011
AEP Ohio Claims PUCO Lacks Authority to Set Capacity Rate for Fixed Resource Requirement Plan
AEP Ohio sought rehearing of the Public Utilities Commission of Ohio's order establishing a state compensation mechanism for capacity under the AEP Ohio Fixed Resource Requirement (FRR) plan, arguing that PUCO lacks such authority, and that PUCO's order infringes upon FERC's exclusive jurisdiction…
January 12, 2011
Retail Suppliers Oppose "Windfall" to Generators Under Proposed Peak Energy Rent Change
New England generators, with the support of ISO New England, are seeking to implement "knee jerk" changes to the Peak Energy Rent mechanism of the Forward Capacity Market which would retroactively cost load in excess of $100 million, retail and load suppliers said in protests at FERC (ER11-2427).
January 11, 2011
Midwest Generators Ask FERC to Impose Deadline for MISO Resource Adequacy Enhancements
Notwithstanding the fact that several states in eastern forward capacity markets are racing to take any action to blunt or mitigate the pricing impacts from such markets, several generators filed a protest at FERC requesting that FERC impose strict deadlines for the Midwest ISO to implement…
January 11, 2011
N.J. Lawmakers Pass Bill for 2,000 MW of Long-Term Capacity Contracts
New Jersey lawmakers overwhelmingly approved Monday evening a bill (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.
January 6, 2011
Maine PUC Approves Long-Term Contract for Capacity, RECs
The Maine PUC has directed Central Maine Power to enter into a long-term contract for the capacity value and renewable energy credits associated with Verso Bucksport LLC's 40 MW Renewable Capacity Project (2010-66).
January 5, 2011
NYISO Files Criteria and Considerations for New Capacity Zones
The New York ISO and New York Transmission Owners have asked FERC to approve several "criteria and considerations" for identifying a possible need for new capacity zones, and for triggering a requirement to further evaluate such potential zones (ER04-449 et. al.).
December 30, 2010
Md. PSC Intends to Issue RFP for 1,800 MW of New Capacity
The Maryland PSC intends to issue a Request for Proposals for up to 1,800 MW of essentially new capacity to potentially be procured by the investor-owned electric distribution companies, under long-term contracts (Case 9214).
December 28, 2010
N.J. BPU to Hold Meetings on New Capacity
The New Jersey BPU will hold a series of stakeholder meetings in early 2011 as it continues to evaluate the need for new capacity, BPU President Lee Solomon said in a statement.
December 21, 2010
NYISO ICAP Report Finds No Withholding Concerns
An analysis of the New York ISO ICAP market for the Winter 2009-2010 and Summer 2010 Capability Periods did not raise any withholding concerns, the New York ISO reported to FERC.
December 20, 2010
AEP Ohio Says State Rate Cannot Usurp FERC Role in Setting Capacity Costs
Interpreting the PJM Reliability Assurance Agreement as eliminating a Fixed Resource Requirement (FRR) entity's ability to seek relief from FERC regarding the cost paid for capacity under an FRR plan where a state-established compensation mechanism is set would, "render[] the provision invalid or…
December 17, 2010
N.Y. PSC to Review ConEd LAUF, NYSEG Stranded Capacity Costs
The New York PSC instituted a proceeding to review Lost And Unaccounted For gas at Consolidated Edison, and also instituted a review of stranded natural gas capacity costs at New York State Electric and Gas.
December 17, 2010
Calif. PUC Orders Utilities to Procure CHP Resources on Behalf of Competitive Suppliers
The California PUC has ordered that Pacific Gas and Electric Company, San Diego Gas & Electric Company, and Southern California Edison Company shall procure Combined Heat and Power resources on behalf of electric service providers (ESPs) and community choice aggregators (CCAs), with costs recovered…
December 13, 2010
PUCO Seeks Dismissal of AEP Ohio Capacity Cost Application at FERC
The Public Utilities Commission of Ohio has asked FERC to dismiss the application of Columbus Southern Power and Ohio Power to institute a formula rate for capacity compensation from retail suppliers, given that PUCO action has made the issue moot (FERC Docket ER11-2183).
December 9, 2010
PUCO Sets Interim Capacity Payment Rate for AEP Ohio
The Public Utilities Commission of Ohio yesterday expressly adopted the current capacity charges established by the three-year capacity auction conducted by PJM, Inc. as the as the state's capacity compensation mechanism for Columbus Southern Power and Ohio Power, during the pendency of a newly…
December 9, 2010
MISO Files Resource Adequacy "Foundation" Which Includes Proposal for Mandatory Auction
The Midwest ISO has filed with FERC the general "foundation" which MISO expects will govern further revisions to its resource adequacy mechanism, which may potentially include a five-year forward obligation for load serving entities to purchase capacity, and a mandatory capacity auction.
December 8, 2010
Briefly
PUCO Opens Docket on AEP Ohio Capacity Pricing PUCO has opened a docket entitled, "In The Matter Of The Commission Review Of The Capacity Charges Of Ohio Power Company And Columbus Southern Power Company." Other than the opening docket sheet, nothing is contained in the docket at this time…
December 6, 2010
PJM Seeks to Add Two Demand Response Products to RPM Auction
PJM has petitioned FERC for approval of two new demand response products for the Reliability Pricing Model capacity auction, which PJM said would enhance PJM's emergency dispatch options while recognizing, through capacity resource commitments, the expanded response capabilities that are latent in…
December 1, 2010
NYISO Files Updated ICAP Demand Curves
The New York ISO has filed with FERC an application to set the ICAP demand curves for the Capability Years of 2011/2012, 2012/2013 and 2013/2014.
November 29, 2010
FERC Orders Modifications to NYISO Buyer-Side Mitigation Proposal
FERC directed the New York ISO to make several changes to its proposed methodologies for determining the duration of in-City buyer-side mitigation in the ICAP market (ER10-3043, Only in Matters, 9/28/10 ), finding that the original proposals, "potentially may over- or under-mitigate the exercise of…
November 29, 2010
Ohio Energy Group Says Proposed AEP-Ohio Capacity Cost Formula May Result in Double Recovery
The new capacity compensation formulas proposed by Columbus Southern Power and Ohio Power "may not be cost-based" and may "result in the double recovery of capacity costs," because they fail to consider capacity equalization payments pursuant to the AEP-East Interconnection Agreement, the Ohio…