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April 2, 2018
FirstEnergy Solutions (FES), its subsidiaries and FirstEnergy Nuclear Operating Company (FENOC) (together, the "Filing Entities") announced that, "to facilitate an orderly financial restructuring, they have filed voluntary petitions under Chapter 11 of the Federal Bankruptcy Code with the U.S.…
February 23, 2018
In response to several petitions from ESCOs to change their Zero Emissions Credit obligation, which is currently based on historic load with a later true-up, Staff of the New York Department of Public Service said at the PSC's session yesterday that Staff will develop for PSC consideration a…
February 2, 2018
Determination Addresses Whether To Use Long-Term Contract Supplies For Default Service
A final Resource Assessment of the Millstone nuclear plant and Appraisal Report and Determination Pursuant to Executive Order 59 and Public Act 17-3 from the Connecticut Department of Energy and Environmental Protection (DEEP) and the Public Utilities Regulatory Authority finds that DEEP should…
January 26, 2018
As-filed text of the latest bill (S877) in New Jersey to provide certain subsidies to nuclear generation would still place the obligation to procure nuclear diversity certificates (NDCs -- the mechanism for the subsidy) on, "electric public utilities," for their distribution customers, and would not…
January 23, 2018
Draft Addresses Whether To Use Long-Term Contract Supplies For Default Service
A draft Resource Assessment of the Millstone nuclear plant and Appraisal Report and Determination Pursuant to Executive Order 59 and Public Act 17-3(1)(b)(2) from the Connecticut Department of Energy and Environmental Protection (DEEP) and the Public Utilities Regulatory Authority would find that…
January 3, 2018
Dominion Energy, Inc. and SCANA Corporation today announced an agreement for the companies to combine in a stock-for-stock merger in which SCANA shareholders would receive 0.6690 shares of Dominion Energy common stock for each share of SCANA common stock, the equivalent of $55.35 per share, or about…
December 18, 2017
Text of a newly filed bill (S3560) in New Jersey to provide certain subsidies to nuclear generation would place the obligation to procure nuclear diversity certificates (NDCs -- the mechanism for the subsidy) on, "electric public utilities," for their distribution customers, and would not impose an…
October 2, 2017
U.S. Energy Secretary Rick Perry on September 28 submitted a directive to FERC to consider adopting rules which would provide non-market compensation to certain generating units, such as coal and nuclear plants.
September 29, 2017
Entergy Corporation announced that it plans to operate Palisades Power Plant in Covert, Michigan, until the spring of 2022, under the existing Power Purchase Agreement (PPA) with Consumers Energy.
July 31, 2017
In response to an analyst question during an earnings call on Friday concerning the strategic direction for the company's merchant unit, Public Service Enterprise Group CEO Ralph Izzo said that the company is, "quite happy" with the cash generated from PSEG Power
July 26, 2017
Connecticut Governor Dannel P. Malloy signed an executive order directing the relevant state agencies to conduct a resource assessment to evaluate the current and projected economic viability for the continued operation of the Millstone nuclear generating facilities, "in order for the state to…
July 17, 2017
PSC Directs Staff To Review Process of Calculated LSE Loads For ZEC Compliance
The New York PSC issued an order directing NYSERDA, "to temporarily suspend, beginning with the August 2017 payment, 35% of Liberty’s [Liberty Power Holdings LLC] monthly ZEC [zero emissions credits] compliance obligation payments for the compliance period beginning April 1, 2017 and ending March 31…
April 3, 2017
The Impacted ESCO Coalition has asked that the New York State Public Service Commission delay the April 1, 2017 start date of the Zero Emission Credit (ZEC) compliance period by 120 days, citing ongoing litigation of the PSC's ZEC order.
February 22, 2017
FirstEnergy said in reporting earnings that it has reached a decision to exit "competitive operations" by mid-2018
December 21, 2016
The Michigan Public Service Commission opened a proceeding to seek additional information on Consumers Energy's announcement that it intends to terminate early its power purchase agreement (PPA) with Entergy Nuclear Palisades, LLC (ENP) for the purchase of electricity from the Palisades Nuclear…
December 20, 2016
Liberty Power Holdings LLC ("Liberty") has sought clarification and/or rehearing on the New York PSC's Zero Emissions Credit (ZEC) order with respect to implementation of the calculation of ZEC obligations for individual LSEs, saying a "material" drop in Liberty Power Holdings LLC's load in New York…
December 2, 2016
A final version of Exelon's nuclear subsidy bill (SB2814), passed by both the Illinois House and Illinois Senate, apparently includes a mandate that the Illinois Commerce Commission shall consider whether to subject retail electric and natural gas suppliers to an assessment to contribute to the…
December 1, 2016
A late amendment offered to the Exelon nuclear subsidy bill (SB2814) would direct the Illinois Commerce Commission to consider making alternative retail electric suppliers and alternative gas suppliers subject to assessments under the Public Utility Fund
November 9, 2016
Asked about the "ideal" outcome for FirstEnergy Solutions' generating assets, which the company announced last week are under a strategic review which could include asset sales, FirstEnergy Corp. CEO Chuck Jones told analysts at an EEI conference that, "The ideal outcome would be that Pennsylvania…
September 9, 2016
"Our ultimate goal would be to be out of competitive generation," FirstEnergy EVP & CFO James Pearson said at the Barclays CEO Energy-Power Conference
August 11, 2016
The Department of Public Service Staff, along with Staff of the New York State Energy Research and Development Authority (NYSERDA), will be holding an informational webcast on Tuesday, September 13, 2016 concerning the PSC's recently adopted clean energy standard (which includes a nuclear…
August 9, 2016
Exelon has agreed to assume ownership and management of operations of Entergy Corporation’s 838-megawatt James A. FitzPatrick Nuclear Power Plant in Scriba, NY, the companies announced today.
August 2, 2016
The New York PSC adopted an order requiring ESCOs and other LSEs to pay a compliance cost associated with administratively determined subsidies provided to allegedly at-risk "merchant" nuclear plants, and also instituted a new renewable energy standard with the compliance obligation imposed on ESCOs…
July 27, 2016
Noting a recent email to ESCOs from New York PSC Staff concerning the prohibition on the use of pass-throughs for costs not identified in an ESCO's disclosure statement, the National Energy Marketers Association said that there is, "significant risk," that ESCOs may not be able to recover new…
July 13, 2016
Entergy Corporation announced today that it is in discussions with Exelon Corporation for the potential sale of Entergy's James A. FitzPatrick Nuclear Power Plant in Scriba, NY.
