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February 5, 2015
A bill (A04323) has been filed in the New York State Assembly which would require the electric utilities to utilize portfolio management for default service supplies, and would require the PSC to establish rewards available to utilities for reducing customer bills and price volatility.
January 21, 2015
The disruption of existing capacity procurements and prices ( more fully described in our related story today, click here ) under PJM's transitional capacity performance proposal, "may have unintended political consequences at the state level," and jeopardize state policymakers' acceptance of…
January 7, 2015
AEP confirmed that it has retained Goldman Sachs for an anticipated review of the potential sale of its merchant generation business.
December 22, 2014
The Illinois Commerce Commission rejected the use of full requirements contracts in the 2015 Illinois Power Agency procurement plan for default service, and said that it was "not inclined" to consider the use of full requirements contracts in the future absent a quantification of the benefits of…
December 9, 2014
Public Service Company of New Hampshire has floated the idea that it retain its generating assets, but that the assets not be used to serve default service customers, with costs or benefits of the units instead applied to all customers via nonbypassable charge.
December 1, 2014
A proposed order from an Illinois ALJ would reject the use of full requirements contracts as part of the Illinois Power Agency's default service procurements (Docket 14-0588).
November 26, 2014
The New Hampshire PUC has officially noticed a new docket (IR 14-338) to review the design of the electric utilities' default service procurements.
October 24, 2014
The New York PSC approved without modification the petition of Niagara Mohawk (National Grid) to implement tariff changes that provide NiMo with discretion regarding the period over which it must reconcile electric default service costs.
September 30, 2014
The Illinois Power Agency has filed its default service procurement plan for the five-year period beginning with the 2015-16 delivery year.
September 29, 2014
A segment of Ohio industrial customers has voiced support for Duke Energy Ohio's proposed Price Stabilization Rider, while at the same time proposing that very large customers (and only those customers) be permitted to make an election to avoid the rider.
July 11, 2014
The New Hampshire PUC, on a nisi basis subject to any requests for hearing, ordered the termination of the fixed price natural gas option at Liberty Utilities (EnergyNorth Natural Gas), as requested by the utility.
July 11, 2014
The issue of municipal opt-out aggregation drew several questions from New York PSC Commissioners during a technical conference on the PSC's Reforming the Energy Vision proceeding.
June 24, 2014
The joint New York utilities, "see no value in requiring utilities to also offer," a fixed price default service option, the utilities said in a New York PSC proceeding on this winter's pricing.
June 24, 2014
Electric default service in New York should be served under a "prudent mix" of short- and medium-term procurements, Exelon said in comments to the New York PSC in a proceeding on this winter's price impacts.
June 9, 2014
Duquesne Light has sought Pennsylvania PUC approval to start obtaining default service supplies for the period after June 1, 2015 prior to the PUC acceptance of its separately filed default service plan for that period.
May 29, 2014
The Illinois Power Agency, which is charged with procuring default electric service, will hold a workshop on June 5 on issues related to the potential use of full requirements contracts for default service.
May 28, 2014
The New York PSC has sought comment on a variety of issues emerging from a technical conference on winter rates, including the hedging practices for default service and the offering of fixed price default service by utilities.
May 19, 2014
Niagara Mohawk (National Grid) had petitioned the New York PSC for tariff changes that would provide it with discretion regarding the period over which it must reconcile electric default service costs.
May 13, 2014
Liberty Power announced a new multi-year supply agreement with Shell Energy North America (US), L.P.
May 13, 2014
"Hedging" has been included as a topic on the agenda for the previously reported May 15 technical conference that the New York PSC is convening on the polar vortex.
May 12, 2014
WGL Holdings' retail energy-marketing segment reported a non-GAAP operating loss of $3.7 million for the quarter ended March 31, 2014, compared to non-GAAP operating earnings of $11.6 million for the same quarter of the prior fiscal year.
May 8, 2014
Duke Energy's competitive retail business reported lower earnings during the first quarter of 2014 from the purchase of market power to meet polar vortex-driven customer demand.
May 8, 2014
Centrica, in an interim management update, confirmed that extreme weather conditions resulted in significant one-off additional costs at its North American business in the first quarter.
May 7, 2014
The New York PSC has scheduled for May 15, 2014 a technical conference on winter price spikes.
May 7, 2014
FirstEnergy is taking a more "conservative" approach to its competitive business, including its competitive retail supplier, in response to evolving market dynamics, Leila Vespoli, Executive Vice President of Markets, said during an earnings call yesterday
