October 1, 2013
The ERCOT Commercial Operations Subcommittee and the Communications and Settlements Working Group have filed Nodal Protocol Revision Request (NPRR) 570 to reduce the real-time settlement timeline to five days after the operating day.
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September 26, 2013
A lack of volatility, and competitors' pricing in response to this lack of volatility, are challenging Constellation's retail business, Exelon CFO and Executive Vice President Jonathan Thayer said at the Wolfe Research Power and Gas Leaders Conference yesterday.
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September 26, 2013
Exelon sees an opportunity for its Constellation unit to expand its reach into offering risk management and other risk products to commercial and industrial customers, as well as other wholesale customers, Exelon CFO and Executive Vice President Jonathan Thayer said at the Wolfe Research Power and…
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August 29, 2013
The Public Utility Commission of Texas has scheduled a workshop for October 17 to discuss the potential impacts of increases to the system wide offer cap on retail markets, including REP collateral requirements.
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August 26, 2013
The U.S. Commodity Futures Trading Commission (CFTC) announced an Interpretation concerning its authority over retail commodity transactions, as provided by Section 2(c)(2)(D) of the Commodity Exchange Act (CEA).
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August 2, 2013
Centrica's Chief Executive Sam Laidlaw demonstrated in an earnings presentation this week how introduction of a capacity market in Texas, which compels retail electric providers to provide payments to capacity owners, would destroy the Texas retail market, and leave only a handful of generation…
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June 24, 2013
Retail electric providers should not waste their time trying to exploit Texas customers, because Texas regulators are watching, are going to find out, will revoke the company's license, and will fine the company, Donna Nelson, Chair of the Public Utility Commission of Texas, said during last week's…
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June 20, 2013
AEP Ohio has filed a request at the Public Utilities Commission of Ohio to suspend its Electric Distribution Company/Competitive Retail Electric Service Provider Agreement (supplier agreement) with FirstEnergy Solutions Corp., as AEP Ohio alleged that FirstEnergy Solutions has failed to post…
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May 21, 2013
FERC approved as filed ISO New England's proposed revisions to align the timing for suspending market participants that fail to cure a financial assurance default, with recently-accepted timing changes to the Day-Ahead Energy Market schedule, including the proposed revisions to impose additional…
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April 26, 2013
ISO New England's proposal filed at FERC to revise its financial assurance and billing policies by changing the cure percentage for a Market Participant that receives one or more margin calls within a rolling 365-day period would, "balkanize credit policies and create an undue preference for one…
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April 23, 2013
A coalition of Texas retail electric providers has told the Public Utility Commission of Texas that the Commission's deposit rules require modification to facilitate the offering of demand response products by retail electric providers.
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April 17, 2013
The Maryland PSC has struck a "regulatory out" clause from a Contract for Differences among the utilities and CPV Maryland LLC to enable the construction of a 661 MW natural gas-fired combined cycle facility in Charles County with an in-service date of June 1, 2015.
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April 1, 2013
The New York ISO has filed at FERC tariff modifications to better align the credit requirements for imports to, exports from, and wheels through (External Transactions) the New York Control Area with the associated market risk.
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February 21, 2013
Washington Gas Energy Services, Inc. announced that it has entered a five-year secured supply arrangement with Shell Energy North America (US), L.P.
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February 20, 2013
Energy Future Holdings, parent of TXU and Luminant, has noted in its annual 10-K filing that an acceleration in repayment of all borrowings demanded by noteholders could cause the company or the applicable subsidiary to go into, "bankruptcy, liquidation or insolvency."
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January 30, 2013
The California PUC adopted a formula to determine the amount of financial security and re-entry fee requirements applicable to Electric Service Providers (ESPs), and also defined the size of customers for which security must be provided.
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October 26, 2012
The Public Utility Commission of Texas said yesterday that it would revisit the certification requirements of retail electric providers.
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August 17, 2012
Relying almost solely on 24-month contracts for default service, "presents a considerable risk that default service rates would not remain economical relative to other electric supply options," the Pennsylvania PUC said in a written order on the FirstEnergy electric distribution companies' default…
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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."
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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."
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May 30, 2012
Retail electric providers offered differing interpretations regarding whether a change in the ERCOT System Wide Offer Cap would amount to a change in law allowing REPs to modify fixed price contracts with small volume customers.
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March 30, 2012
The Maryland investor-owned electric distribution companies (EDCs) have informed the Maryland PSC that the existing draft contract for differences to be procured under the PSC's capacity RFP (see 9/30) poses serious risks to the EDCs and their customers if any awarded contracts become subject to…
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February 16, 2012
The Commodity Futures Trading Commission's desire to assert jurisdiction over power markets suggests that a broad end-user exemption from the Frank-Dodd regulations for the energy sector, "is less of a possibility," analysts at UBS Securities said in a research note to clients.
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February 9, 2012
The California PUC has directed the investor-owned utilities to file proposals for the calculation of electric service provider security.
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February 1, 2012
Marking its 15th year of service, the National Energy Marketers Association recently met in executive session and adopted policy priorities for 2012.
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