July 18, 2011
Pike County Light & Power Files New Default Service Plan
Pike County Light & Power has petitioned the Pennsylvania PUC to maintain its current default service procurement methodology through May 31, 2014.
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July 18, 2011
New Default Service Rate Mechanism Approved at Niagara Mohawk
The New York PSC has approved, without major modification, a revised electric default service commodity rate mechanism at Niagara Mohawk (10-E-0050).
July 1, 2011
Proposed PJM Minimum Criteria for Market Participation Said to Drive Small Players Out of Market
PJM has proposed two sets of minimum participation criteria which market participants would be required to meet in order to participate in the PJM market, which small firms have said will drive them out of the market.
June 27, 2011
NiMo Clarifies Retail Pricing of Capacity Under New Commodity Rate Mechanism
Niagara Mohawk has filed a correction to its proposed electric capacity pricing mechanism for customers for whom the utility cannot apply an individualized capacity tag (10-E-0050).
June 10, 2011
Briefly
Columbia Withdraws Request to Extend Maryland Hedging Program Columbia Gas of Maryland has withdrawn its request to extend its modified price portfolio program, which will result in the hedging plan expiring on the currently established sunset date of August 31, 2011. Staff and the People's Counsel…
June 9, 2011
Md. PSC Authorizes WGL Hedging Through 2011-12 Winter Only
The Maryland PSC denied Washington Gas Light's application for a permanent gas supply hedging program, but did authorize hedging through the 2011-12 winter (Case 9224).
May 17, 2011
CenterPoint Competitive Gas Supplier Reports Flat Earnings
CenterPoint's Competitive Natural Gas Sales and Services unit reported adjusted earnings of $12 million for the first quarter of 2011, flat versus the year-ago quarter, the company announced earlier this month.
May 16, 2011
RESA Seeks Additional Changes to NiMo Capacity Cost Calculation
In addition to transitioning to spot-based capacity pricing for retail customers, Niagara Mohawk must ensure that capacity costs are tied, to the maximum degree possible, to the customer's actual usage patterns, the Retail Energy Supply Association said in comments to the New York PSC (10-E-0050).
May 6, 2011
PPL Reports Lower Supply Earnings on Reduced Margins
Ongoing earnings at PPL's Supply segment were lower at $205 million, versus $244 million a year ago, on lower energy margins as higher priced hedges continue to roll off.
May 6, 2011
PSEG Reports Flat, "Not Very High" Headroom in New Jersey
Customer migration in New Jersey negatively impacted PSEG Power's earnings by $5.1 million during the first quarter of 2011, though migration was less than expected by PSEG.
April 7, 2011
MISO Market Requires Suppliers to Take on Excessive Risk in Serving Small Volume Customers
"[B]arriers that exist in the MISO [Midwest ISO] market make Ameren a less attractive market," than Commonwealth Edison and other PJM residential markets, several retail suppliers told the Illinois Commerce Commission.
March 11, 2011
NiMo Files to Implement New Electric Commodity Pricing Mechanism
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)
February 14, 2011
Pa. PUC Allows Citizens'/Wellsboro to Use Non-Cleared Financial Transactions for Default Service
The Pennsylvania PUC adopted without modification a recommended decision which allows Citizens' Electric Company of Lewisburg and Wellsboro Electric Company to use certain non-cleared financial transactions and options in their default service plan (P-2009-2110780 et. al., 9/13/10 ).
February 7, 2011
PPL Supply Unit Earnings Higher on Market Rates
PPL Corp.'s Supply unit reported higher earnings of $281 million for the fourth quarter of 2010 versus $52 million a year ago.
November 16, 2010
Calif. PUC Draft Would Set Rules for Utility Convergence Bidding Participation
The California PUC has issued a proposed decision (Rulemaking 10-05-006) which would adopt upfront standards for investor owned utilities (IOUs) Pacific Gas and Electric Company (PG&E), San Diego Gas & Electric Company (SDG&E), and Southern California Edison (SCE) to participate in convergence…
November 8, 2010
Mirant Reports Lower Adjusted Net Income
Mirant reported adjusted net income of $86 million for the third quarter of 2010, versus $238 million a year ago, on lower realized value of hedges, lower energy gross margins from proprietary trading activities, lower contracted and capacity revenues, and higher operating costs primarily because of…
October 29, 2010
PPL Supply Earnings Higher
PPL's Supply unit reported higher earnings from ongoing operations of $260 million in the third quarter, versus $124 million a year ago, on higher realized prices for its Eastern baseload generation.
October 28, 2010
Allegheny Merchant Generation Adjusted Earnings Flat
Allegheny Energy's Merchant Generation unit reported essentially flat adjusted earnings of $62.0 million for the third quarter, versus $61.1 million a year ago.
October 28, 2010
Migration Negatively Impacts PSEG Power Earnings by $5 Million
Customer migration away from Basic Generation Service negatively impacted PSEG Power earnings by $5 million in the third quarter versus the year-ago period, parent PSEG reported yesterday.
October 15, 2010
Pa. PUC Approves Increase in PECO Retainage Rate
The Pennsylvania PUC approved a settlement in PECO's 1307(f) Purchased Gas Cost rate investigation which requires PECO to increase the retainage volume adjustment for natural gas transportation service customers from 2.5% to 2.8% for a period of one year commencing December 1, 2010 (R-2010-2174034…