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March 9, 2015
PJM has opposed a refund of uplift charges related to January 2014 sought by Champion Energy Marketing, citing the filed rate doctrine, while Verde Energy USA, Inc. called PJM's current application of uplift, "unjust and unreasonable, and is contrary to the Commission's cost causation principles."
March 9, 2015
FERC has issued an order to City Power Marketing, LLC and K. Stephen Tsingas directing them to show cause why they should not be found to have violated section 1c.2 of the Commission's regulations and section 222 of the Federal Power Act (FPA) by engaging in fraudulent Up To Congestion (UTC)…
March 4, 2015
Several Ohio universities have filed a complaint at the Public Utilities Commission of Ohio against FirstEnergy Solutions regarding FES's imposition of an RTO Expense Surcharge, to recover polar vortex-related ancillaries, on the universities' fixed price contracts.
February 23, 2015
FERC approved PJM's request to retain 2,000 MW of capacity that would otherwise be released under the RPM incremental project, but denied a separate request from PJM for authorization to enter into contracts for capacity for reliability purposes outside of the centralized capacity market.
February 19, 2015
Champion Energy Marketing LLC has filed a complaint at FERC against PJM regarding PJM's allocation of balancing operating reserves for January 2014.
January 28, 2015
PPL Corporation and Riverstone Holdings LLC affiliate RJS Power Holdings LLC have accepted additional market power mitigation measures required for FERC approval of the previously reported spinoff of PPL Energy Supply and its combination with competitive generation assets owned by RJS Power Holdings…
January 22, 2015
PJM's proposal to assign capacity obligations to load based on days other than the summer peak leaves load serving entities, such as retail suppliers, with "no rational way" to develop retail prices for load, retail suppliers said at FERC.
January 21, 2015
The Pennsylvania PUC has levied a simple but brilliant criticism at PJM's proposal for a transition to its capacity performance product which illustrates the futility of paying billions in additional capacity costs for a limited amount of the new capacity performance product alongside existing…
January 21, 2015
Given that no improvement in generator performance is evident from PJM's proposed transition mechanism for its sought new capacity performance capacity market construct, a coalition of retail suppliers, wholesale power markets, cooperatives, industrial customers, and state regulators (the Transition…
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 20, 2015
FERC has directed Dynegy to submit more information concerning its application for approval of separate transactions under which it would acquire Duke's Midwest merchant generating plants (and retail supply business) and several power plants from Energy Capital Partners
January 19, 2015
Ignoring capacity owners' forward commitments to provide energy under the current $1,000 offer cap, FERC has ruled that PJM's current offer cap is unjust and unreasonable for the, "winter months."
December 19, 2014
FERC has ordered additional mitigation in approving a multi-step transaction under which PPL Energy Supply, LLC and RJS Power Holdings LLC are to combine to form Talen Energy
December 18, 2014
FERC issued an order to show cause to Powhatan Energy Fund and related parties directing parties to show cause that they have not engaged in what FERC alleges are fraudulent Up To Congestion (UTC) transactions in PJM, and why they should not be subject to $30 million in penalties, plus disgorgement.
December 15, 2014
PJM is seeking to modify how it allocates the responsibility for capacity charges to load serving entities as part of its capacity performance proposal
December 10, 2014
PJM said that its board has authorized a filing at FERC to increase the offer cap to $1,800/MWh, and allow generators to seek additional cost recovery via uplift, for this winter season.
December 4, 2014
The U.S Department of Justice has issued a Civil Investigative Demand, which is similar to a subpoena, to PJM.
December 4, 2014
PJM informed stakeholders that its board has authorized the filing of a capacity performance proposal with FERC, though the Board has made several changes to the PJM Staff's proposal, including revisions to the transition period.
December 1, 2014
FERC on November 28 approved most of PJM's sought revisions to the PJM capacity market variable resource requirement (VRR) curve and related revisions sought under the triennial review process, adopting changes which lead to gold-plating of the reliability target and which load interests have said…
November 21, 2014
FERC has opened a section 206 investigation into whether PJM's current tariff allows deactivated power plants to continue to receive compensation for reactive power.
November 5, 2014
Results from recent default service auctions in Pennsylvania and Ohio appear to reflect an increased risk premium, which FirstEnergy Solutions believes is, "associated with volatility and uncertainty in PJM," Leila Vespoli, FirstEnergy Corp.'s Executive Vice President, Markets, said during an…
November 3, 2014
FERC announced that on January 7, 2015 it will convene a technical conference concerning the justness and reasonableness of PJM's existing tariff provisions related to the Financial Transmission Rights (FTR) forfeiture rule and uplift allocations as applied to Up-to Congestion (UTC) transactions and…
November 3, 2014
FERC approved without modification a series of tariff revisions filed by PJM to revise PJM's rules related to offer price adders ("FMU adders") for generation units that are frequently offer capped, referred to as Frequently Mitigated Units.
October 31, 2014
PSEG confirmed in reporting earnings yesterday that PSEG Power has been verbally notified by the FERC Staff that Staff has initiated a preliminary, non-public staff investigation into certain bidding by PSEG Power.
October 30, 2014
PJM is taking an "express lane" to impose billions of new capacity costs on consumers under its flawed capacity performance and transition mechanism, several retail suppliers, public power utilities, state regulators, and industrial customers (the transition coalition) said in comments to the PJM…
