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January 20, 2017
FERC issued an order finding that PJM’s current application of its Financial Transmission Rights (FTR) forfeiture rule to virtual transactions is no longer just and reasonable.
January 6, 2017
Citing new analyses prepared by PJM, the Advanced Energy Management Alliance said that the transition to a 100% capacity performance procurement as scheduled in the May 2017 PJM Base Residual Auction is not just and reasonable, as the Alliance filed a complaint at FERC requesting that FERC order…
December 23, 2016
Divestiture Or Other Mitigation Measures Must Be Proposed
FERC issued an order finding that a transaction under which Dynegy would acquire 8,731 megawatts of generation capacity from Engie (f/k/a GDF Suez) raises competitive concerns in certain capacity market local deliverability areas, and conditioned approval of the acquisition on mitigation
December 5, 2016
FERC issued a Staff Notice of Alleged Violation against GDF SUEZ Energy Marketing NA, Inc. stating that, "the staff of the Office of Enforcement of the Federal Energy Regulatory Commission has preliminarily determined that GDF SUEZ Energy Marketing NA, Inc. (GSEMNA) violated the Commission’s…
November 28, 2016
As part of its requested extension of its electric security plan, AEP Ohio has sought changes to its tariffs governing retail suppliers to, "prevent[] suppliers from billing customers for prior-period energy usage amounts not settled in the PJM market, and for which there is no path for…
November 18, 2016
FERC has adopted a hard cap of $2,000/MWh for the energy markets in all the FERC-jurisdictional RTOs, with offers up to $2,000/MWh permitted to set LMP, and offers in excess of $2,000/MWh also permitted but with offers in excess of $2,000/MWh not setting LMP and addressed instead through make-whole…
November 7, 2016
Cites PJM's Embrace of More Costly "Annual" Resources Which Had Forced Outages During Polar Vortex
John Schultz, President of Direct Energy Business, LLC, wrote in a letter to the PJM Board of Managers that PJM's decision to adopt an "aggregation" proposal to address concerns about demand response's ability to participate in the 2020-21 capacity auction (which will only procure capacity…
October 20, 2016
On Oct. 18, 2016, the PJM Board of Managers approved the Members Committee-endorsed proposal for a new composite "stated rate" of 36 cents per megawatt-hour for two years (2017 and 2018), and then a 2.5 percent annual increase to 41 cents per MWh in 2024, to recover administrative costs
October 12, 2016
FERC issued an order requiring refunds resulting from the prior payment to Midwest Generation, LLC for reactive service from generating units which had been deactivated and therefore did not provide such service despite being paid for such service
October 6, 2016
PSEG announced today that its coal-fired Hudson Generation Station in Jersey City, N.J., and its Mercer Generation Station in Hamilton Township, N.J., will be retired on June 1, 2017.
September 15, 2016
U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad has written in a letter to U.S. Senator John Boozman that Massad plans to recommend to his colleagues that the CFTC, "exempt RTOs and ISOs from all private rights of action under Section 22 of the Commodity Exchange Act ('CEA")…
August 5, 2016
AES Corp. disclosed in announcing earnings today that in the second quarter of 2016, DPL recorded a $235 million, or $0.25 per share, asset impairment charge largely related to the Killen generating station.
July 25, 2016
FirstEnergy Solutions announced that it will sell or de-activate nearly 2,400 MW of coal-fired generation, citing challenging market conditions
July 19, 2016
A settlement concerning the allocation of PJM transmission cost responsibility would inexplicably make rate changes effective back to January 1, 2016, imperiling retail suppliers who have already served load for such earlier periods.
May 31, 2016
FERC issued an order assessing a civil penalty of $26 million on Coaltrain Energy, L.P. for what FERC ruled were violations of FERC's anti-manipulation rules resulting from what FERC called Coaltrain’s "fraudulent Up-To Congestion (UTC) transactions in PJM Interconnection."
May 26, 2016
Dynegy today announced plans to file legislation in the Illinois General Assembly which would move Ameren from the Midcontinent ISO to the PJM market, in order to provide more compensation to downstate generation capacity, such as Dynegy's power plants
May 25, 2016
Despite declines versus the near-record prices seen in the PJM 2018-19 Base Residual Auction, the 2019-20 Base Residual Auction will still burden load with capacity prices at or in excess of $100/MW-day
May 20, 2016
Various NRG Energy subsidiaries have entered into an agreement to sell three power plants in Illinois (PJM area) totaling 1,350 MW to subsidiaries of LS Power Development, LLC
April 29, 2016
AEP will seek re-regulation of the Ohio market thanks to FERC's decision -- prompted by so-called merchant generators -- to review PUCO-approved PPAs between AEP Ohio and affiliated non-regulated generation under the Edgar standard.
April 28, 2016
Granting complaints filed by EPSA, the Retail Energy Supply Association, and other parties, FERC in separate orders rescinded affiliate waivers previously granted to various FirstEnergy and AEP companies, and will evaluate PPAs between FirstEnergy's and AEP's Ohio utilities and their merchant…
April 22, 2016
FERC rejected a complaint filed by the PJM Independent Market Monitor which sought to impose a must-offer requirement, as applicable to PJM’s day-ahead energy market, on demand response with a capacity supply obligation
April 22, 2016
FERC dismissed a complaint from Viridity Energy, Inc. regarding the compensation provided to customers registering with one curtailment service provider (CSP) in PJM's capacity program, but who use a different CSP for energy and ancillary services (EL12-54).
March 10, 2016
PJM Interconnection said today that Michael J. Kormos, executive vice president and chief operations officer, has announced his intention to leave PJM. He will remain with PJM through April 15 to ensure a seamless transition.
March 2, 2016
FERC has found part of the market mitigation measures for PJM's capacity market to be unjust and unreasonable since the tariff allows the cost-based energy offer cap to be used as the sole measure of short-run marginal cost in calculating capacity market offer caps.
March 1, 2016
FERC approved tariff changes filed by PJM to provide a mechanism for funding the organization Consumer Advocates of the PJM States, Inc. (CAPS).
