June 25, 2019
Gamifcation, Customer Engagement Company Takes Further Step To Become Retail Energy Supplier
MeterGenius, Inc. has applied for membership at PJM under the "Other Supplier" category
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June 6, 2019
FERC Sets PJM's Sought Clarification Of Order Relating To Liquidation Of GreenHat FTR Portfolio For Hearing
FERC has set for a paper hearing process a motion from PJM for clarification concerning FERC's prior order denying PJM's requested waivers relating to liquidation of the GreenHat Energy, LLC Financial Transmission Rights (FTR) portfolio, as FERC in its prior order denied waivers which would have…
May 28, 2019
PJM CEO To Retire, Executive Appointments Announced
PJM Interconnection announced that Andrew L. Ott, president and chief executive officer, is retiring from the organization on June 30, 2019.
May 14, 2019
PSC Staff Says Utility's Default Service Cost Proposal Places Retail Suppliers At Disadvantage
Staff of the Maryland PSC said in comments to the Commission that a proposal from Pepco to recover certain transmission costs would place retail electric suppliers at a disadvantage
April 11, 2019
PUC Finds Utility Violated Supplier Tariff, But Denies Restitution
The Public Utilities Commission of Ohio found Duke Energy Ohio violated its certified supplier tariff by failing to provide accurate hourly load data to PJM, but denied a request from Direct Energy Business for restitution as a result of such failure
April 11, 2019
PJM Outlines Proposed Stakeholder Process To Address Recommendations On Credit, Other Issues Raised From GreenHat Default
Has Proposed Heightened Scrutiny Of New Market Participants, Background Checks Of Officers Of Non-Public Companies
April 11, 2019
PJM To Conduct 2022/23 Base Residual Capacity Auction In August Under Current Rules, Absent FERC Order
PJM said in a FERC filing that it intends to conduct the Base Residual Auction for capacity for the 2022-2023 delivery year in August as scheduled, under current market rules, absent a FERC order to the contrary
April 10, 2019
Retail Supplier Withdrawing From PJM, Ceases Serving Pennsylvania Customers
BlueRock Energy, Inc. notified the Pennsylvania Public Utility Commission that BlueRock:
April 2, 2019
Generators, Consumer Advocates Both Seek Delay Of 2022/23 PJM Base Residual Capacity Auction
Consumer Advocates Warn Delay Could Increase Risk Premium In Default Service Rates
A group of generation owners and a group of consumer advocates have both requested that PJM delay the 2022/23 PJM base residual capacity auction (BRA), which would normally be conducted in May 2019 but which PJM had already delayed until August 2019, citing uncertainty with significant pending…
April 1, 2019
PJM Files Pricing "Reforms" For Reserve Market To Address Price Formation
Prices Could Rise To $12,000/MWh
PJM filed at FERC several changes to the reserve market to address price formation
March 26, 2019
Special PJM Committee Examining GreenHat Default Proposes New Definitions For "Default", "Material Adverse Change"
PJM has released a report prepared by expert consultants retained by the Special Committee formed by the Board of Managers of PJM Interconnection, LLC to conduct a review of the GreenHat Energy default.
March 22, 2019
FERC Won't Require Disclosure Of Demand Response Provider's Customer Names As Part Of PJM Uplift Reporting
FERC issued an order on a compliance filing from PJM in which PJM had submitted various revisions to its operating agreement to comply with a prior FERC order concerning the reporting of uplift to market participants
February 14, 2019
PJM Approves Final Price Formation Revisions, Will Move Forward With FERC Filing
The PJM Interconnection Board of Managers has approved filing the PJM reserve price formation proposal with FERC under Section 206 of the Federal Power Act.
February 1, 2019
PJM Says FERC Denial Of Waiver Related To July FTR Auction Likely Places A "Number" Of Members In Breach Of Collateral Requirements
Says Order Adds Up To $300 Million In Default Allocation To Members
PJM in a January 31 market notice said that FERC's denial of a waiver related to the liquidation of certain Financial Transmission Rights will likely place a number of members in breach of their collateral requirements under PJM’s credit policy.
January 31, 2019
FERC Denies Waiver Request Related To Liquidation Of GreenHat FTR Portfolio
FERC has denied a request from PJM for certain waivers relating to the liquidation of the GreenHat Energy, LLC Financial Transmission Rights (FTR) portfolio, with FERC denying waivers that would have resulted in the modification of the previously commenced July auction
December 24, 2018
Illinois Provides Clarification On Data Requests Directed To Retail Suppliers Concerning PJM Transmission Cost Refunds To Customers
The ICC issued clarifications to the data requests expounded on retail electric suppliers concerning their provision of transmission cost-related refunds to customers.
December 5, 2018
PJM Board Says "Comprehensive Package" Of Changes Needed To Address Reserve Procurement And Pricing Issues, Directs Development Of Specific Changes
Note: This story was first published on Dec. 5 with an alert to our email subscribers
December 5, 2018
Updated: Illinois Commission Directs Retail Suppliers To Report On If, How They Will Issue Refunds To Customers From FERC Transmission Cost Settlement
Note: This story was first published on Dec. 5 with an alert to our email subscribers
October 3, 2018
PJM Files Proposal Allowing Carve-Out Of Subsidized Resources From Capacity Market, Details Allocation To LSEs
PJM filed with FERC proposed changes to its Reliability Pricing Model capacity market to accommodate a carve-out of state-subsidized resources from the market, along with the removal of an associated amount of load, after FERC suggested such mechanism in an order on other revisions that PJM had…
August 31, 2018
FERC Approves Delay For 2022/2023 Delivery Year RPM Base Residual Auction In PJM
FERC approved a request from PJM for a one-time waiver of provisions of the PJM Open Access Transmission Tariff as necessary to enable PJM to delay its 2019 Base Residual Auction (BRA) for the 2022/2023 Delivery Year from May 2019 to August 14-28, 2019
August 24, 2018
Luminant To Close Power Plant
Luminant, a subsidiary of Vistra Energy, today announced that it filed a notice of suspension of operations with PJM and other mandatory regulatory notifications related to the retirement of its 51-megawatt waste coal facility, Northeastern Power Company, in McAdoo, Pennsylvania, "due to its…
August 14, 2018
PJM Seeks Delay For 2022/2023 RPM Base Residual Auction
PJM Interconnection, L.L.C. petitioned FERC for a one-time waiver of provisions of the PJM Open Access Transmission Tariff as necessary to enable PJM to delay its 2019 Base Residual Auction (BRA) for the 2022/2023 Delivery Year until August 14-28, 2019, to the extent FERC extends the comment process…
July 30, 2018
PJM Seeks To Implement New Minimum FTR Credit Requirement
PJM Interconnection, L.L.C. filed tariff revisions at FERC which it said are designed to, "limit potential credit exposure of PJM Members with Financial Transmission Rights ('FTR') portfolios, i.e. FTR Holders, that have little to no credit requirement relative to the megawatt-hour ('MWh') volume of…
June 14, 2018
PJM Confirms Drop Of Defaulting Supplier's Customers To Default Service
PJM said in a market notice that, on June 12, 2018, PJM declared Amerigreen Energy, Inc. in default of Amerigreen's payment obligations under the PJM Operating Agreement for non-payment of its May 1-30, 2018 month-to-date weekly invoice.
June 1, 2018
FERC Approves PJM Cost Allocation Settlement, Denies RESA Objections On 2016 Start Date (Costs Changing Back To 2016)
FERC approved a contested settlement agreement concerning the cost allocation methodology for existing and new transmission facilities in PJM, modifying the prior cost allocation due to remands from the courts.