October 24, 2014
Incremental capacity costs to load serving entities from a transition to PJM's proposed capacity performance product in the three years for which a base residual auction has already been held are estimated to be as high as $4 billion annually, PJM and the Independent Market Monitor said in a joint…
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October 23, 2014
The legal reasoning used by FirstEnergy in a FERC complaint that seeks to eliminate demand response from participation in the capacity market would also mean that FERC lacks jurisdiction to create and compel participation in capacity markets, the Pennsylvania PUC said in a protest of FirstEnergy's…
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October 23, 2014
Granting a complaint from FirstEnergy which seeks to exclude demand response from participation in the PJM capacity market, including re-running, without demand response, the already cleared May 2014 capacity auction, "would create a windfall for existing generators," Direct Energy said in a protest…
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October 23, 2014
-- Flawed Wholesale Market Cost Retail Market The Chance to End Utility-Offered Default Service
Retail energy suppliers' businesses in Pennsylvania are in jeopardy due to the flawed wholesale market design, including the capacity market, should the state experience another winter like last year's polar vortex, PUC Commissioner James Cawley told the National Energy Marketers Association's…
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October 8, 2014
PJM has issued a "road map" for how demand response could be treated in light of an appeals court holding that demand response compensation, in the energy market, is a "retail" matter and outside of FERC's purview.
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October 1, 2014
PJM has filed tariff revisions at FERC to institute a Demand Bid Screening process which will prevent Load Serving Entities from submitting Demand Bids into the Day-ahead Energy Market, "above a level that is commensurate with the amount of load they serve."
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September 30, 2014
FERC has approved a settlement between DC Energy, LLC, Scylla Energy LLC, and PJM resolving disputes concerning the application of deviation charges to internal bilateral transactions (IBTs) that waives payment of $10 million of the amount originally ordered to be paid by certain market participants…
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September 29, 2014
Ten commercial and industrial customers have filed a lawsuit against FirstEnergy Solutions in the Cuyahoga County, Ohio Court of Common Pleas seeking relief from FES's imposition of the polar vortex pass-through charge on the customers.
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September 23, 2014
A group consisting of retail suppliers, end users, and state regulators have raised concerns that PJM is ignoring the costs and other issues associated with the transition to a modified capacity market that includes PJM's new capacity performance product.
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September 22, 2014
Load in PJM is paying $433 million in additional costs due to PJM's load forecast used in the capacity market undercounting the impact of energy efficiency, a report by Brattle prepared for the Sustainable FERC Project concludes.
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September 18, 2014
The Public Utilities Commission of Ohio approved Dayton Power & Light's plan to separate its generation from the utility by transferring the generation to a competitive affiliate.
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September 17, 2014
The multi-step transaction that would essentially see PPL Energy Supply, LLC and RJS Power Holdings LLC combine to form Talen Energy, "would have an anticompetitive impact on several local energy markets," even with the companies' proposed mitigation measures, the PJM Independent Market Monitor said…
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September 8, 2014
FERC has scheduled for October 28 a second workshop on price formation in the organized markets.
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September 4, 2014
Proposed changes just to the PJM variable resource requirement (VRR) curve would cost over $4 billion over three years, a coalition of state regulators, consumer advocates, and industrial customers said in a letter to PJM's Board of Managers.
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September 2, 2014
September 2,2014
FERC has opened a Section 206 investigation regarding PJM Up-to Congestion (UTC) charges, including their treatment as virtual transactions, and the method of application of the Financial Transmission Rights (FTR) forfeiture rule to UTCs.
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August 26, 2014
FERC issued a notice yesterday alleging that its Office of Enforcement has, "preliminarily determined," that City Power Marketing, LLC and K. Stephen Tsingas violated the Commission's Anti-Manipulation Rule, 18 C.F.R. § 1c.2 (2014) by engaging in manipulative Up To Congestion trading in PJM Regional…
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August 6, 2014
FERC yesterday issued a formal Staff notice of alleged violations, "that in a nonpublic investigation pursuant to 18 C.F.R. Part 1b, the staff of the Office of Enforcement of the Federal Energy Regulatory Commission has preliminarily determined that Houlian (Alan) Chen, HEEP Fund Inc., and CU Fund…
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August 5, 2014
As part of their electric security plan for the period beginning June 1, 2016, the FirstEnergy Ohio utilities have proposed implementing 15-year ratepayer backed contracts to support two power plants owned by FirstEnergy Solutions (as well as its share in a jointly owned plant) under an "Economic…
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August 5, 2014
The FirstEnergy Ohio utilities would continue to rely on a mix of 12, 24, and 36-month contracts to serve all default service classes under an electric security plan covering the period June 1, 2016 to May 31, 2019
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August 4, 2014
Events of last winter have made obvious what critics of capacity markets have long-stated, and have forced PJM, in a draft problem statement published Friday, to concede that, "the current set of performance incentives and penalties for Capacity Resources does not sufficiently address all that is…
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July 30, 2014
PJM issued a notice to market participants that, "certain external interchange scheduling practices could result in notification of such transactions by PJM, and/or referral by the Independent Market Monitor (IMM), to the FERC Office of Enforcement for investigation."
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July 23, 2014
Direct Energy Business has filed a complaint at the Public Utilities Commission of Ohio against Duke Energy Ohio regarding inaccurate meter data submitted by Duke to PJM.
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July 22, 2014
In comments to FERC, the Office of the People's Counsel for the District of Columbia has raised concerns, "about the influence that a company of the size of the proposed post-merger," Exelon-Pepco Holdings company, "would be able to exert on the PJM Interconnection, LLC ('PJM') stakeholder process."
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July 14, 2014
The AES Corporation announced today that it has decided to retain DPL Inc.'s 3,453 MW of generating assets.
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July 9, 2014
Maryland is the latest state to seek confidential offer data from the recent 2017/18 PJM Base Residual Auction
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