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October 2, 2013
"What we see that has happened in PJM is a recipe for what can happen here in Texas," if a capacity market is adopted, William A. Von Hoene, Jr., Senior Executive Vice President & Chief Strategy Officer for Exelon, said in addressing the Gulf Coast Power Association.
September 26, 2013
The market design, and constant changes, of PJM's Reliability Pricing Model has been likened to the game of "Whack-A-Mole" by Exelon CFO and Executive Vice President Jonathan Thayer, as Thayer also warned that the market is replacing "steel in the ground" generation with new build generation that…
September 16, 2013
Testifying before a state senate hearing, Pennsylvania PUC Chairman Robert Powelson expressed concerns with the impact on "reliability" and "jobs" from the planned closure of two FirstEnergy Generation power plants in Pennsylvania, validating concerns expressed by other state regulators who have…
September 12, 2013
A day after PJM was forced to involuntarily shed firm load due to a lack of available generation supply (click here for story) , a Texas capacity owner has said that the "long-term solution" to the challenges facing the ERCOT grid is, "some form of capacity market."
September 12, 2013
In what is ultimately a failure of a mandated reserve margin to keep the lights on -- despite the billions of dollars in costs that it annually imposes on customers -- PJM was forced to direct utilities to involuntarily curtail tens of thousands of customers on Tuesday, due to "unseasonably" hot…
September 10, 2013
The "vast majority" of the capacity payments in the eastern RTO capacity markets, "are made to resources that are economic and will operate the same without regard to the magnitude of the capacity payment they receive," economist James F. Wilson said in comments to FERC in a proceeding reviewing the…
September 3, 2013
An owner of generation in PJM has said that the RTO's Reliability Pricing Model capacity market is "deeply flawed, and needs to be fixed on many levels."
August 7, 2013
The design of PJM's capacity auction has "fundamental flaws" which will not only "impede investments," but also, "impact reliability," said Anthony Alexander, President and Chief Executive Officer of FirstEnergy Corp.
August 5, 2013
PJM has re-filed at FERC, in the form of tariff revisions, new rules proposed to be applicable to demand response capacity offers made in the Reliability Pricing Model capacity auction.
August 5, 2013
The increased reliance on "planned" resources -- meaning new resources clearing the capacity market -- to meet the PJM mandated reserve margin has been likened by Exelon to other "issues" in the capacity market which required reforms
July 26, 2013
PJM's capacity market is a "version of socialism," American Electric Power CEO Nicholas Akins said during an earnings call yesterday.
July 26, 2013
Calpine's President and Chief Operating Officer Thad Hill essentially conceded on an earnings call yesterday that new generating resources clearing the PJM capacity market cannot be relied upon for resource adequacy, and despite receiving assurance of a three-year forward revenue stream, still…
July 19, 2013
Texas, with its energy-only market, is again the only state with retail electric choice rated as attractive to businesses, this time in CNBC's 2013 update to America's Top States for Business, while capacity market states are ranked as among the most undesirable states for business.
July 17, 2013
The Pennsylvania PUC approved the FirstEnergy electric distribution companies' self-procurement of supplies from the PJM spot market to serve hourly priced default service customers, after the PUC had rejected results from an earlier competitive procurement for hourly priced service.
July 9, 2013
FirstEnergy Corp. announced today that it expects to deactivate two coal-fired power plants located in Pennsylvania by October 9, 2013.
June 21, 2013
Quest Energy, LLC and Integrys Energy Services, Inc. requested that FERC issue an order approving a settlement agreement among the retail suppliers and various AEP transmission owners concerning Seams Elimination Charge Adjustments imposed on retail suppliers by FERC.
June 10, 2013
FERC approved a $1.3 million settlement between its Office of Enforcement and Enerwise Global Technologies, Inc. (Enerwise) concerning an investigation into whether Enerwise violated the Commission's anti-manipulation rules.
June 6, 2013
FERC dismissed a complaint from FirstEnergy Solutions Corp. which had sought to modify provisions of PJM's tariff related to the funding of Financial Transmission Rights (FTRs).
June 6, 2013
The Public Utilities Commission of Ohio has issued another series of questions for stakeholder comment in its retail electric market investigation, including a series of questions regarding corporate separation among utilities and affiliates, and about "predatory" pricing and "market power" in the…
June 5, 2013
Direct Energy Business is now offering an email alert service in the PJM region as part of a new pilot program for 2013.
May 28, 2013
PJM's Reliability Pricing Model Base Residual Auction for the 2016/17 delivery year saw prices for the PS Locational Deliverability Area (PSE&G) spike above $200, yet the zone attracted little new entry. Prices for other constrained zones (MAAC, ATSI) remain in triple digits.
May 24, 2013
FERC has granted AEP Ohio's request to accept an Appendix to the PJM Reliability Assurance Agreement (RAA) to reflect the Public Utilities Commission of Ohio's adoption of a state compensation mechanism for capacity provided by AEP Ohio under the Fixed Resource Requirement plan.
May 7, 2013
PJM Interconnection, L.L.C. has filed at FERC to reflect the permanent termination of Blast Electric, L.L.C. as a PJM Member in accordance with Sections 15.1.6(c) and 4.1(c) of the Operating Agreement.
May 3, 2013
FERC largely accepted revisions to PJM's minimum offer price rule (MOPR), or buyer-side mitigation policies, for the centralized capacity market, but ordered PJM to retain a unit-specific review and exemption process.
April 30, 2013
During Friday's earnings call, Nicholas Akins, CEO of American Electric Power, highlighted the still-challenged investment prospects for new build in PJM, despite the presence of a forward, centralized capacity market
