January 18, 2016
RTOs Seek More Time To File Reports on Price Formation At FERC
The FERC jurisdictional RTOs filed a petition for extension of time to file reports on price formation recently ordered by FERC.
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January 18, 2016
Energy Use in ERCOT Region Grows 2.2 Percent in 2015
ERCOT said that a record-breaking summer, which included a new all-time peak demand record, contributed to an increase in electricity use in the Electric Reliability Council of Texas (ERCOT) region in 2015.
January 14, 2016
FERC Denies Sought Fresh Start on Proposed Rules For Info Collection On Other Business Interests, Contractual Relationships Of Any RTO Market Participant (Proposal Seen As Substantial New Burden for Marketers)
FERC has denied a petition from several RTO market participants to wholly withdraw and start anew on controversial proposed rules issued by the Commission in September under which FERC proposes to require all RTO market participants, including buyers, to file new reports concerning the participant's…
January 11, 2016
FERC Allows RTO To Issue Make-Whole Payments In Excess of Offer Cap To Generators Via Uplift
FERC granted the Midcontinent ISO a temporary waiver, to allow MISO to pay generators verifiable costs in excess of the $1,000/MWh offer cap, for the period January 1, 2016 through April 30, 2016
January 7, 2016
FERC Issues Show Cause Order to Power Traders Regarding Sought $26 Million Fine
FERC issued a show cause order to Coaltrain Energy, L.P. (Coaltrain), Coaltrain’s co-owners Peter Jones and Shawn Sheehan, and traders/analysts Robert Jones, Jeff Miller, Jack Wells, and Adam Hughes, "to show cause why they should not be found to have violated section 1c.2 of the Commission’s…
January 6, 2016
Direct Energy: Customers Getting Bad Deal in PJM's Proposal To Sell Back Capacity Outside of Tariff For Pennies On The Dollar (Another Administrative Capacity Market Flaw Exposed)
A proposal from PJM to sell back excess amounts of capacity previously procured outside of the current tariff, "is likely to significantly harm the load interests it is designed to protect," Direct Energy Business, LLC and a coalition of industrial customers said in joint comments to FERC.
December 29, 2015
FERC To Schedule Technical Conference on PJM Financial Transmission Rights Revenue Adequacy Proposal
FERC said that it will hold a technical conference concerning tariff revisions filed by PJM to address revenue inadequacy issues relating to its allocation of Auction Revenue Rights (ARR) and Financial Transmission Rights (FTR).
December 29, 2015
FERC Says ISO-NE Transmission Rates Charged To LSEs Appear Unjust, Unreasonable
FERC issued an order yesterday finding that the ISO New England participating transmission owners' current Regional Network Service (RNS) and Local Network Service (LNS) formula rates appear to be unjust, unreasonable, unduly discriminatory or preferential, or otherwise unlawful.
December 23, 2015
Court Slams "Specious" FERC Logic In Runaway Reliability Costs in Remanding ISO-NE Reliability Program Costs to Commission (Win For Retail Suppliers)
A federal appeals court said FERC engaged in "specious" reasoning in dismissing cost concerns from the 2013-14 ISO New England winter reliability program which imposed new, unhedgeable costs on retail suppliers, and whose costs ballooned past initial estimates.
December 17, 2015
FERC Issues Show Cause Order, Seeks $2.4 Million Civil Penalty Against Power Trader
FERC issued a show cause order directing ETRACOM LLC and its principal member and primary trader Michael Rosenberg to show cause, "(i) why they should not be found to have violated section 1c.2 of the Commission’s regulations and section 222 of the Federal Power Act (FPA), by submitting virtual…
December 14, 2015
FERC Approves Increase in PJM Offer Cap, Allows Shortage Pricing Up To $3,700/MWh
FERC approved as-filed PJM's proposal to increase its energy market offer cap to $2,000/MWh with no changes to the current shortage pricing mechanism, which means that energy market prices may rise to $3,700/MWh.
December 2, 2015
NRG Discloses Price For Pennsylvania, Illinois Power Plant Sales
NRG Energy formally announced the previously reported agreements to sell its 525 MW Seward power plant in New Florence, Pennsylvania and its 352 MW Shelby County power plant in Neoga, Illinois, and disclosed the aggregate purchase price for the sales
November 30, 2015
NRG To Sell Pennsylvania Power Plant
NRG Wholesale Generation LP plans to sell its Seward Generating Station, it said in a FERC filing
November 25, 2015
ERCOT Receives Notification of Suspension of Operations
ERCOT received a Notification of Suspension of Operations (NSO) for the following Generation Resource: Calpine Corporation (RE) – CTL_GT_103 (Capitol Cogen)
November 20, 2015
FERC Orders Virtual Marketers To Payback, With Interest, Refunds Received Under FERC's Prior "Erroneous" Order
FERC, in an order on remand, ruled that virtual marketers should be required to repay refunds, with interest, that FERC had previously granted to the marketers but which FERC later rescinded, in order to put the parties back in the positions in which they would have found themselves if the…
November 20, 2015
Keep Pumping: FERC Requires Reports on 'Price Formation' in RTOs
The Federal Energy Regulatory Commission said in a news release yesterday that it, "took another step today to address price formation by directing regional grid operators to submit reports on price formation in their energy and ancillary services markets."
November 20, 2015
Texas PUC's Anderson Focused on Potential for Unhedgeable Uplift as ERCOT Studies Multi-Interval Real-Time Market
Texas Public Utility Commissioner Kenneth Anderson expressed concerns with potential uplift costs under a multi-interval real-time market (MIRTM) in ERCOT, particularly as LSEs such as retail providers cannot hedge such uplift.
November 11, 2015
FERC Sets Technical Conference On New Affiliate, Reporting Rules That Retail Suppliers Had Called A, "Substantial New Burden"
FERC has granted a request to convene a technical conference and to postpone the comment deadline on new proposed reporting rules to be imposed on all RTO market participants that have been said by retail suppliers to, "impose a substantial new reporting burden," on such participants.
November 1, 2015
Retail Suppliers, Customers Seek Technical Conference on "Substantial New Burden" Sought By FERC
A diverse group of entities, including retail suppliers, generators, and end users, pressed FERC to hold a technical conference on new reporting rules to be imposed on all RTO market participants that, "impose a substantial new reporting burden," on such participants
October 23, 2015
Retail Supplier Announces New Wholesale Supply Agreement
Santanna Energy Services announced that it has entered into a five-year agreement with Twin Eagle Resource Management, LLC.
October 12, 2015
Ohio Staff: "Properly Conceived" AEP Ohio PPAs May Be In Public Interest, Oppose As-Filed Versions
Similar to its recommendation at the FirstEnergy Ohio utilities, Staff of the Public Utilities Commission of Ohio opposed the as-filed proposed AEP Ohio ratepayer backed contracts to support 2,700 MW of generation owned by AEP's merchant generating arm (plus the utility's share in OVEC), but offered…
October 9, 2015
Report: Cost Impact Of PJM Capacity Performance Adjustments Estimated At $7.3 Billion
A new report, PJM’s "Capacity Performance" Tariff Changes: Estimated Impact on the Cost of Capacity, commissioned by the American Public Power Association (APPA) estimates the cost impact on consumers of PJM’s recent Capacity Performance (CP) package of changes to its Reliability Pricing Model (RPM)…
October 9, 2015
Texas PUC Approves 20% Increase in ERCOT System Admin Fee
The Public Utility Commission of Texas approved a nearly 20% increase in the ERCOT system administration fee
October 8, 2015
Texas PUC's Anderson Proposes Review of Operating Reserve Demand Curve Parameters
With 16 months of operation and citing recent experience, Texas Public Utility Commissioner Kenneth Anderson proposed in a memo in advance of today's open meeting that, "now is the time for the Commission to review the ORDC [Operating Reserve Demand Curve] in order to examine how it has functioned…
October 5, 2015
Mass. DPU Rules It Has Authority To Approve Contracts Between Electric Utilities, Gas Pipelines To Boost Gas Capacity
The Massachusetts DPU issued an order finding that it has authority to review and approve contracts entered into by electric distribution companies to expand natural gas pipeline capacity