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January 7, 2014
Connecticut Light & Power has reported to PURA the costs arising from its transfer of People's Power & Gas' customers to default service due to People's Power & Gas' default at ISO New England last month (the default has since been cured).
January 6, 2014
People's Power & Gas, LLC informed the Connecticut PURA that with its default at ISO New England cured, People's Power & Gas, "plans to continue serving retail customers in Connecticut," and is, "currently making efforts to work with the utilities and regulators in Connecticut and other states to…
December 31, 2013
People's Power and Gas has cured its default at ISO New England.
December 30, 2013
Two retail electric suppliers have defaulted with ISO New England, and their customers are being returned to default service.
December 4, 2013
Maxim Power Corp. announced today that Patriot Power Holdings, LLC, an affiliate of Rockland Capital, has issued a notice to Maxim to terminate the agreement to purchase 100% of Maxim's ownership interest in Maxim Power (USA), Inc. due to an outstanding regulatory inquiry by the Federal Energy…
November 26, 2013
During yesterday's hearing at the Texas Senate, Donna Nelson, Chair of the Public Utility Commission of Texas, and PUCT Commissioner Brandy Marty both emphasized that, if Texas ultimately adopted a capacity mandate, the design would be unique to Texas.
November 26, 2013
Despite a capacity market and mandated reserve margin, ISO New England told FERC that it is facing a shortage of existing resources to meet its Installed Capacity Requirement (ICR).
November 19, 2013
"Near-term market conditions in our Northeast markets will likely impact our results in the first quarter," Crius Energy Trust CEO Michael Fallquist said during an earnings call last week.
November 18, 2013
Direct Energy, a supporter of a centralized capacity market in Texas, has warned business customers in ISO New England that this winter customers will be subject to, "additional costs associated with procuring backup generation [that] will result in higher electricity bills during these months."
October 11, 2013
The New Hampshire PUC approved new default service rates for both large and mass market default service customers at Unitil Energy Systems, Inc. (UES) for the six-month period beginning December 1, 2013.
September 20, 2013
"It is difficult to declare the [ISO New England] capacity market a success if a significant number of the resources that have been selected and compensated as capacity resources fail to perform as needed," Robert Ethier, Vice President of Market Development for ISO New England, said in comments at…
September 17, 2013
Showing once again its utter indifference to realities of the retail electric market, FERC has assigned unhedgeable, out-of-market costs to load serving entities, such as retail suppliers, deeming that retail suppliers "benefit" from such costs.
September 5, 2013
ISO New England has sought changes to the forward capacity market design because the current rules have never actually required capacity resources to meet performance obligations.
September 3, 2013
On August 30, FERC conditionally accepted a tariff filing by ISO New England Inc. to reflect that market participants may qualify for an exemption from certain provisions of the Commodities Exchange Act (CEA) and Commodity Futures Trading Commission (CFTC) regulations when engaging in specified…
August 30, 2013
In separate cases and orders, FERC issued civil penalties to Competitive Energy Services, LLC (CES), Dr. Richard Silkman (CES's managing member), and Lincoln Paper and Tissue, LLC for activity in ISO New England, Inc.'s (ISO-NE) Day-Ahead Load Response Program (DALRP) which FERC found violated…
August 28, 2013
Capacity suppliers in ISO New England need not meet their capacity supply obligations as required under their commitment, established in the capacity market, to supply capacity during shortage hours if such capacity suppliers can demonstrate an, "inability to procure fuel or transportation," FERC…
August 27, 2013
Entergy Corporation announced this morning that it plans to close and decommission its Vermont Yankee Nuclear Power Station in Vernon, Vt.
July 2, 2013
ISO New England has filed changes at FERC to collect sale taxes on certain transactions in the market.
July 2, 2013
If tariff revisions are approved at FERC, ISO New England's forward capacity market will no longer be designed to clear the market to minimize total costs.
July 1, 2013
ISO New England, which requires load to pay capacity to meet a mandated reserve margin, has filed at FERC "out-of-market solutions" to meet looming reliability risks due to non-performance of resources receiving capacity payments.
June 24, 2013
A recent filing by ISO New England at FERC should give Texas regulators pause in consideration of a capacity market because the filing details how, despite paying billions of dollars for capacity, resources receiving capacity payments don't respond when needed, leaving customers to ask what exactly…
June 3, 2013
FERC has approved ISO New England's filing to model four zones in the Forward Capacity Auction for the 2017-18 delivery year, rather than the eight zones previously ordered, due to transmission upgrades alleviating constraints.
May 21, 2013
FERC approved as filed ISO New England's proposed revisions to align the timing for suspending market participants that fail to cure a financial assurance default, with recently-accepted timing changes to the Day-Ahead Energy Market schedule, including the proposed revisions to impose additional…
April 26, 2013
ISO New England's proposal filed at FERC to revise its financial assurance and billing policies by changing the cure percentage for a Market Participant that receives one or more margin calls within a rolling 365-day period would, "balkanize credit policies and create an undue preference for one…
April 16, 2013
The New Hampshire PUC yesterday approved, without modification, a settlement to resolve investigations into PNE Energy Supply, LLC (PNE), and Resident Power Natural Gas & Electric Solutions, LLC (Resident Power) relating to the mass transition of PNE customers to default service due to PNE's prior…
