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July 30, 2012
The top states for business in the United States -- as judged by numerous publications -- do not rely on a capacity market, or other non-rate-regulated capacity obligations, to assure resource adequacy -- something which Texas should keep in mind given its concern with attracting jobs.
July 30, 2012
Imposing a PJM-style capacity market on ERCOT load (through their retail electric providers or LSE) would have resulted in annual capacity costs to load of $3.6 billion, using 2010 & 2011 capacity prices, Commissioner Kenneth Anderson of the Public Utility Commission of Texas said during a workshop…
July 27, 2012
During today's open meeting, Public Utility Commission of Texas Chairman Donna Nelson offered the following statement to correct inaccurate reports concerning her position on capacity markets:
July 27, 2012
The Brattle Group conceded in a response to industrial customers that it has not studied issues regarding Texas retail electric provider credit and qualification provisions, "in detail" -- despite recommending that the PUC revisit REP qualification standards to address certain "risks."
July 18, 2012
Panda Power Funds today announced that its affiliate Panda Temple Power, LLC has successfully completed the financing on its planned 758-megawatt natural gas-fueled, combined-cycle power plant in Temple, Texas.
July 12, 2012
A group of capacity owners, desperate to overturn a FERC order addressing capacity obligations on load in the Midwest ISO market which the capacity owners oppose because it will not inflate capacity prices as desired, have now claimed FERC's order somehow "unduly discriminates" against retail choice…
July 2, 2012
Contrary to the spin offered by capacity owners, the Brattle report regarding ERCOT resource adequacy, "does not reject energy-only markets," the Texas Industrial Energy Consumers said in comments to the Public Utility Commission of Texas (40268), as TIEC also cautioned that transitioning to a…
June 27, 2012
Chicago City Council Places Opt-Out Aggregation Measure on Ballot
June 22, 2012
Staff of the Public Utility Commission of Texas have filed a recommended proposal for adoption to establish the ERCOT high system-wide offer cap (SWOC) at $4,500 per megawatt-hour beginning on August 1, 2012, to be effective until a subsequent change by the Commission (37897).
June 13, 2012
The Public Utility Commission of Texas has directed Staff to begin a process to consider recommendations contained in The Brattle Group's report on resource adequacy.
June 12, 2012
FERC accepted, with modifications, revisions to the Midwest ISO's Module E resource adequacy construct, and while FERC improved in some territories MISO's original proposal with respect to the assignment of capacity obligations to retail suppliers in retail choice environments, FERC's approved…
June 1, 2012
The Brattle Group's report on ERCOT Investment Incentives and Resource Adequacy, prepared at the request of ERCOT, claims that none of the PUCT's existing proposals addressing the energy-only market, "would likely support a target reserve margin consistent with the 1-in-10 criterion, unless much…
June 1, 2012
In its report on ERCOT resource adequacy (see related story) , The Brattle Group urged the Public Utility Commission of Texas to, "revisit provisions to ensure that retail electric providers (REPs) can cover their positions as reserve margins tighten and price caps increase."
May 25, 2012
The Michigan PSC will establish a state compensation mechanism governing the charges paid by retail electric suppliers for capacity provided by Indiana Michigan Power Company to retail suppliers under I&M's Fixed Resource Requirement (Case No. U-17032).
May 23, 2012
The California PUC intends to adopt a framework for requiring load serving entities, including electric service providers, to fill flexible capacity needs by the end of 2012, for implementation in 2014, a proposed decision in the 2013 local resource adequacy (RA) proceeding states (R. 11-10-023).
May 22, 2012
ERCOT has released its May 2012 Report on the Capacity, Demand, and Reserves in the ERCOT Region, which shows improving reserve margins compared with the December 2011 forecast.
May 11, 2012
The Midwest ISO, "may face an operational challenge in managing outage scheduling," as coal units are compelled to comply with the federal EPA's Mercury and Air Toxics Standards (MATS) rule, The Brattle Group found in a study released today .
May 8, 2012
Texas State Representative Sylvester Turner and Senator Wendy Davis filed separate letters to the PUCT Commissioners expressing concern with the proposed increase in the ERCOT system wide offer cap to $4,500 effective August 1, citing, in particular, the impact on retail electric providers.
May 2, 2012
ERCOT's latest Seasonal Assessment of Resource Adequacy for the summer of 2012 confirms that, while Energy Emergency Alerts (EEA) are likely to be called on multiple occasions, "these EEA declarations are not likely to result in the need to institute rotating outages."
May 2, 2012
Despite an imminent increase in the ERCOT price cap to $4,500, and likely increase to at least $7,000 in 2014, several unregulated Texas asset owners continue to seek government subsidies in the form of capacity payments imposed on load.
April 19, 2012
Certain customers at Indiana Michigan Power Company (I&M), an AEP company, intend to take electric service from competitive suppliers in the "near future," the Michigan PSC has been informed.
April 12, 2012
The Public Utility Commission of Texas will publish for comment a proposed rule that would raise the ERCOT system wide offer cap effective August 1, 2012.
April 11, 2012
ERCOT has received Notification of Suspension of Operations for the following Generation Resource: Brownsville Public Utilities Board – SILASRAY_SILAS_5
April 10, 2012
A California PUC comment (draft) resolution would adopt data filed by the utilities, and a methodology proposed by retail suppliers, to implement the new Renewable Portfolio Standard (RPS) adder as part of a modified Market Price Benchmark (MPB) used in setting exit fees applicable to direct access…
April 6, 2012
Maryland Order on Long-Term Capacity Imminent
