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May 25, 2018
FirstEnergy Solutions (FES) said that none of its three nuclear plants, with combined capacity of 4,048 megawatts, received a commitment in the PJM 2021/22 Base Residual Auction
May 25, 2018
Calpine Corporation cleared a total of 5,152 MW in PJM’s 2021/2022 base residual auction.
May 24, 2018
Vistra Energy Corp. has reported its results from the PJM capacity auction for planning year 2021/2022.
May 24, 2018
PJM's base residual auction for the 2021-22 delivery year saw Rest-of-RTO capacity prices nearly double versus 2020-2021, with the BGE, PSEG, and ATSI zones among those separating
May 9, 2018
FERC denied proposed tariff filings from PJM to change the manner in which excess capacity is released in the incremental auction, a change which had been opposed by Direct Energy as increasing costs to LSEs.
April 26, 2018
FERC has approved a Stipulation and Consent Agreement (Agreement) between its Office of Enforcement (Enforcement) and PSEG Energy Resources & Trade, LLC (PSEG ERT) to resolve an investigation into whether PSEG ERT violated sections 1.2 and 6.4.2(a)(ii) of Schedule 1 of the PJM Operating Agreement…
April 13, 2018
Notes "Intense Public Scrutiny" Surrounding Such Issues
In a letter to stakeholders, PJM said that its Board is requesting that stakeholders develop certain changes to reserves procurement and pricing such that they may be implemented for 2018/19
April 7, 2018
Drift Marketplace, Inc. has applied for PJM membership
March 19, 2018
FERC has set a date (April 24) and has issued questions for stakeholder comment in advance of a previously announced technical conference to explore issues raised in two complaints against PJM's transition to a 100% "capacity performance" product in its capacity market, and the methodology by which…
February 27, 2018
12% Of Capacity Still Underwent Forced Outage
In a report on grid performance during a recent cold snap in January 2018, PJM said that there was an 11-fold increase in uplift charges during the cold snap period (Dec. 28, 2017 to Jan. 7, 2018).
February 26, 2018
FERC has directed Commission staff to convene a technical conference to explore issues raised in two complaints against PJM's transition to a 100% "capacity performance" product in its capacity market and the methodology by which load-serving entities’ peak-shaving actions are reflected in capacity…
February 21, 2018
FERC has accepted tariff changes filed by PJM to reduce the number of bidding points at which virtual transactions may be submitted by market participants
February 19, 2018
FERC denied, without prejudice, proposed tariff revisions from Virginia Electric and Power Co., d/b/a Dominion Energy Virginia to change the calculation of Network Service Peak Load for transmission customers in the Dominion Zone.
January 16, 2018
A new methodology for assigning charges for network service and other charges under the PJM Tariff filed by Dominion Energy Virginia at FERC would, "limit[] the ability of load-serving entities ('LSEs') and retail customers to reduce costs by managing their load, thereby promoting inefficiency and…
January 15, 2018
FERC rejected, without prejudice, a filing from PJM to allocate uplift to Up-to-Congestion transactions (UTCs)
November 16, 2017
PJM Interconnection has released a proposal meant to improve wholesale energy market "price formation" and also revise the triggers for scarcity pricing, which would make scarcity pricing more frequent
October 11, 2017
FirstEnergy Service Company ("Service Company"), filed a petition at FERC requesting that the Commission waive specified portions of 18 C.F.R. §§ 35.39 and any other rules and regulations as may be necessary, to allow Service Company to establish a centralized RTO interface services group to provide…
August 23, 2017
FERC approved a Stipulation and Consent Agreement (Agreement) between the Office of Enforcement (Enforcement) and City Power Marketing, LLC (City Power) and K. Stephen Tsingas (together, Defendants) which resolves the Commission’s claims against Defendants for alleged violations of section 222 of…
August 17, 2017
As part of an eighth entry on rehearing concerning the FirstEnergy Ohio EDCs' current electric security plan, the Public Utilities Commission of Ohio again addressed a proposed retail adder, Retail Competition Enhancement Rider (Rider RCE), which would have acted as a proxy for unbundling but which…
July 27, 2017
Includes New Tax On Virtual Transactions In PJM
A proposed Pennsylvania omnibus tax bill (HB 542) which was adopted by the Pennsylvania Senate Appropriations Committee and scheduled for action in the full Senate today would raise the gross receipts tax (GRT) on retail electric sales, institute a new gross receipts tax on retail natural gas sales…
May 24, 2017
PJM's base residual auction for the 2020-21 delivery year, the first auction which exclusively procured 100% capacity performance resources, saw capacity prices jump in EMAAC, with rest-of-RTO prices down versus the year-ago auction
April 11, 2017
Ohio Edison Company and Cleveland Electric Illuminating moved to dismiss a complaint filed by Direct Energy Business in which Direct Energy had sought a PUCO order finding that the FirstEnergy EDCs lacked authority to compel Direct Energy to resettle and refund a prior erroneous $5 million charge to…
March 21, 2017
Direct Energy Business filed a complaint at the Public Utilities Commission of Ohio against Ohio Edison and Cleveland Electric Illuminating, alleging that the two FirstEnergy Ohio utilities are seeking to charge retail suppliers to resettle and refund a prior erroneous $5 million charge to another…
February 2, 2017
FERC approved a settlement between its Office of Enforcement (Enforcement) and GDF SUEZ Energy Marketing NA, Inc. (GSEMNA) under which GSEMNA will pay a civil penalty of $41 million and disgorge $40.8 million.
January 30, 2017
PJM's stakeholders have created the Capacity Construct/Public Policy Senior Task Force, which will report to the Markets and Reliability Committee
