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October 1, 2012
The Brattle Group is to prepare for ERCOT and the Public Utility Commission of Texas an estimate of demand response achievable in the market and two "composite" detailed policy alternatives to address resource adequacy, one that highlights the major components of an energy-only option, and one that…
October 1, 2012
The Midwest ISO said in a FERC filing that a further review of the resource adequacy construct as accepted and modified by FERC in a June 11 Order is subject to two risks: (1) that some Planning Resource Margin Requirement may not be sufficiently accounted for and modeled at the time of the Planning…
September 28, 2012
The Public Utility Commission of Texas this morning elected not to act, at this time, on a proposal for adoption that would raise the ERCOT high system-wide offer cap to $9,000/MWh effective June 1, 2015, as commissioners believed that any change in the offer cap should be made in concert with…
September 25, 2012
Consumers Energy Company has filed an electric rate case at the Michigan PSC which includes several proposed changes to the retail open access (ROA) tariff (Case No. U-17087).
September 25, 2012
Had a $9,000/MWh high system wide offer cap been in place in ERCOT during 2011, peaker net margin would have been approximately three times the annualized fixed costs of a new gas-fired peaking unit, when not considering the triggering of a reduction in the high cap from reaching peaker net margin…
September 24, 2012
Staff of the Public Utility Commission of Texas have filed a recommended proposal for adoption which would raise the ERCOT high system-wide offer cap (HCAP) to $9,000 per MWh effective June 1, 2015.
September 21, 2012
A study by Christensen Associates Energy Consulting prepared for several public power organizations concludes that New York's current approach to resource adequacy, including a spot capacity auction with no multi-year forward obligation, "does not require replacement by a mandatory forward…
September 20, 2012
ERCOT has filed a report with the Public Utility Commission of Texas that, using a baseline of the May 2012 Capacity, Demand and Reserves (CDR) report, projects future reserve margins given several announced new generating plants not included in the May CDR report, as well as including additional…
September 18, 2012
Panda Power Funds today announced that its affiliate Panda Sherman Power, LLC has successfully completed the financing on its planned 758-megawatt natural gas-fueled, combined-cycle power plant in Sherman, Texas.
September 13, 2012
The Public Utility Commission of Texas this afternoon directed ERCOT to perform a backcast analysis of the resource adequacy approaches proposed in the Brattle report, including the filed stakeholder proposals which fall within or tweak the Brattle-outlined mechanisms, to determine the additional…
September 12, 2012
Texas electric rates are lower in nearly all instances than electric rates available to customers in states that rely on "capacity markets" for resource adequacy, according to a review of data conducted by EnergyChoiceMatters.com
September 7, 2012
An overview of how imposing capacity obligations on retail electric providers in Texas will inevitably lead to the demise of independent retail electric providers not subsidized by mandatory capacity payments
September 5, 2012
The Midwest ISO has filed Cost of New Entry values for the new Local Resource Zones under its revised resource adequacy construct.
September 5, 2012
A new Seasonal Assessment of Resource Adequacy (SARA) released by the Electric Reliability Council of Texas (ERCOT) anticipates that there will be enough power available to serve consumer needs within the ERCOT grid during the upcoming fall.
September 4, 2012
Several ERCOT generators have asked the Public Utility Commission of Texas to abandon the state's free market in exchange for a command and control approach to electricity under which the ultimate price of electricity would be driven, in large part, by the outcome of computer models and forecasts…
August 27, 2012
The Public Utility Commission of Texas will hold a workshop in Project No. 40000, Commission Proceeding to Ensure Resource Adequacy in Texas, on September 6.
August 24, 2012
Tenaska, Inc. has filed a strawman proposal with the Public Utility Commission of Texas to address resource adequacy in ERCOT, under which load serving entities would be required to meet, on a four-year forward basis, "administratively-set reliability levels," with Tenaska stating that the mechanism…
August 21, 2012
A federal court today struck down the federal Environmental Protection Agency's Cross-State Air Pollution Rule (CSAPR), finding that the EPA exceeded its statutory authority.
August 20, 2012
Stressing that meeting a mandated reserve margin, which would require additional costs to be imposed on customers, does not guarantee that customers will never experience a capacity-related load shed, Texas Public Utility Commissioner Kenneth Anderson said on Friday that he is, "unalterably opposed"…
August 17, 2012
Raising the offer cap in ERCOT would not allow the market to achieve the desired reserve margin, Donna Nelson, Chair of the Public Utility Commission of Texas, said in a memo in advance of today's open meeting.
August 15, 2012
Occidental Power Marketing, L.P. has proposed in comments to the Public Utility Commission of Texas a limited backstop procurement mechanism to assure resource adequacy, that would provide incentives for voluntary forward contracting by load serving entities, and would have minimal impact on the…
August 14, 2012
Despite the mandatory capacity obligations and purchases required of California load serving entities, including competitive retail electric suppliers, the California ISO has been forced to call a "Flex Alert" -- an early warning of potential emergency conditions -- twice over the past three…
August 6, 2012
Given the, "separate and collective failure" of Entergy Arkansas, Inc. and the Midwest ISO to effectively address and satisfy the Arkansas PSC's concerns, the PSC is, "unable, at this time, to reach a finding that EAI's Application [to join MISO] is in the public interest," the PSC said in an order…
July 31, 2012
Estimated net revenues for new combustion turbines and combined cycle units in ERCOT were sufficient to support new entry during 2011, finds the Independent Market Monitor in the annual State of the Market report.
July 30, 2012
The Public Utility Commission of Texas should consider providing customers with information regarding offers from retail electric providers which include a demand response component, Sam Newell, principal of The Brattle Group, said during a PUCT resource adequacy workshop Friday.
