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March 1, 2011
Nordic Energy Services Receives License to Serve Illinois Residential Customers
Nordic Energy Services said that it has received an amended Illinois electric supplier license to serve residential and other small volume customers. Nordic's application for an amendment was first reported in Matters (12/28) . Pricing for Nordic's new residential products was not immediately…
February 14, 2011
PJM has filed its expected tariff changes at FERC to "reform" the capacity market Minimum Offer Price Rule so that it can be applied to protect $2 billion in capacity payments that is expected to be paid to generators absent action (or potential action) for new capacity to be built under long-term…
February 10, 2011
The U.S. Court of Appeals for the District of Columbia Circuit denied an appeal brought by several load interests, collectively referred to as RPM Buyers, against a prior FERC order which dismissed the RPM Buyers' complaint against the transitional Reliability Pricing Model auctions ( 9/22/08 ).
February 2, 2011
The PJM (P3) Power Providers Group filed a complaint at FERC regarding the current Minimum Offer Price rule in the PJM Reliability Pricing Model market, nakedly claiming it is no longer "just and reasonable" because capacity suppliers stand to lose up to $3 billion annually in easy money as New…
February 2, 2011
TriEagle Energy's expansion outside of ERCOT is driven by the desire to diversify its operations, and due to the saturation of the ERCOT market, Rob Cantrell, TriEagle Senior Vice President of Sales and Chief Marketing Officer, told Matters yesterday.
February 1, 2011
Christie Signs N.J. Capacity RFP Bill As expected, New Jersey Gov. Chris Christie signed into law S2381, which requires the Board of Public Utilities to acquire 2,000 MW of new capacity for the delivery year starting June 1, 2014 or June 1, 2015 ( see 1/11 for full discussion of the bill’s…
February 1, 2011
Retail customers in PJM took another hit yesterday as federal regulators continued to create market designs which will lead to higher capacity prices, this time in approving the main tenets behind two new carve-out demand response products in the Reliability Pricing Model (ER11-2288).
January 31, 2011
The introduction of 1,800 MW of new capacity in the Pepco zone, which would bid into the Reliability Pricing Model at $0 due to a ratepayer-based long-term contract, would save PJM end users $1 billion annually in capacity payments, according to an analysis by the Independent Market Monitor.
January 27, 2011
Capacity prices in PJM must rise in order for new entrants to invest in generation, Exelon CEO John Rowe said during an earnings call yesterday.
January 21, 2011
FERC ruled yesterday that Columbus Southern Power and Ohio Power are not authorized to introduce a new formula rate to set the price paid for capacity by competitive retail suppliers under the AEP Ohio Fixed Resource Requirement (ER11-2183).
January 18, 2011
Citing $1 billion in annual costs to Maryland ratepayers from PJM’s centralized, forward capacity market which has failed to lead to new baseload, Baltimore Sun columnist Jay Hancock has three recent columns/posts on the need to re-regulate Maryland’s procurement of electric supplies. As first noted…
January 12, 2011
AEP Ohio sought rehearing of the Public Utilities Commission of Ohio's order establishing a state compensation mechanism for capacity under the AEP Ohio Fixed Resource Requirement (FRR) plan, arguing that PUCO lacks such authority, and that PUCO's order infringes upon FERC's exclusive jurisdiction…
January 11, 2011
New Jersey lawmakers overwhelmingly approved Monday evening a bill (S2381) which requires the Board of Public Utilities to acquire 2,000 MW of new capacity for the delivery year starting June 1, 2014 or June 1, 2015.
January 6, 2011
PJM has sought approval at FERC to impose late payment fees on members failing to pay invoices in a timely manner, effective April 1, 2011.
January 5, 2011
PJM and the Midwest ISO have filed a proposed settlement at FERC to resolve all claims relating to several cross-complaints (Dockets EL10-45 et. al.) lodged by each RTO concerning the Joint Operating Agreement (JOA).
December 31, 2010
FERC approved PJM Settlement, Inc.'s request to guarantee the obligations of PJM and authorized other securities-related requests, dismissing protests from several competitive market participants (ES11-8).
December 31, 2010
FERC has re-prioritized initiatives designed to mitigate the impacts of Lake Erie loop flows, emphasizing interface pricing revisions and congestion management/market-to-market coordination agreements while removing buy-through congestion as a top priority (ER08-1281).
December 30, 2010
The Maryland PSC intends to issue a Request for Proposals for up to 1,800 MW of essentially new capacity to potentially be procured by the investor-owned electric distribution companies, under long-term contracts (Case 9214).
December 28, 2010
The New Jersey BPU will hold a series of stakeholder meetings in early 2011 as it continues to evaluate the need for new capacity, BPU President Lee Solomon said in a statement.
December 23, 2010
PJM has submitted to FERC modifications to its calculation of Peak Market Activity, used to set a market participant's credit requirements, to remove situations where a revised methodology adopted earlier this year could result in higher than anticipated credit requirements.
December 20, 2010
Interpreting the PJM Reliability Assurance Agreement as eliminating a Fixed Resource Requirement (FRR) entity's ability to seek relief from FERC regarding the cost paid for capacity under an FRR plan where a state-established compensation mechanism is set would, "render[] the provision invalid or…
December 13, 2010
The Public Utilities Commission of Ohio has asked FERC to dismiss the application of Columbus Southern Power and Ohio Power to institute a formula rate for capacity compensation from retail suppliers, given that PUCO action has made the issue moot (FERC Docket ER11-2183).
December 9, 2010
The Public Utilities Commission of Ohio yesterday expressly adopted the current capacity charges established by the three-year capacity auction conducted by PJM, Inc. as the as the state's capacity compensation mechanism for Columbus Southern Power and Ohio Power, during the pendency of a newly…
December 8, 2010
PUCO Opens Docket on AEP Ohio Capacity Pricing PUCO has opened a docket entitled, "In The Matter Of The Commission Review Of The Capacity Charges Of Ohio Power Company And Columbus Southern Power Company." Other than the opening docket sheet, nothing is contained in the docket at this time…
December 6, 2010
PJM has petitioned FERC for approval of two new demand response products for the Reliability Pricing Model capacity auction, which PJM said would enhance PJM's emergency dispatch options while recognizing, through capacity resource commitments, the expanded response capabilities that are latent in…
