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February 2, 2015
FERC has dismissed a complaint from the New England Power Generators Association that had asked FERC to eliminate the Peak Energy Rent (PER) Adjustment in the ISO New England market, and to adjust the mechanism for capacity periods for which auctions have already been run.
January 28, 2015
ERCOT notified market participants that on January 6, 2015, it received a Notification of Change of Generation Resource Designation for CPS Energy's BRAUNIG_VHB2 generating unit, with a proposed effective date of February 10, 2015
January 28, 2015
PPL Corporation and Riverstone Holdings LLC affiliate RJS Power Holdings LLC have accepted additional market power mitigation measures required for FERC approval of the previously reported spinoff of PPL Energy Supply and its combination with competitive generation assets owned by RJS Power Holdings…
January 23, 2015
ERCOT peak demand decreased by 1.2% in 2014 versus 2013, ERCOT reported yesterday.
January 22, 2015
PJM's proposal to assign capacity obligations to load based on days other than the summer peak leaves load serving entities, such as retail suppliers, with "no rational way" to develop retail prices for load, retail suppliers said at FERC.
January 21, 2015
Given that no improvement in generator performance is evident from PJM's proposed transition mechanism for its sought new capacity performance capacity market construct, a coalition of retail suppliers, wholesale power markets, cooperatives, industrial customers, and state regulators (the Transition…
January 19, 2015
FERC has issued a series of questions for stakeholder comment stemming from its various organized market price formation workshops.
January 19, 2015
Ignoring capacity owners' forward commitments to provide energy under the current $1,000 offer cap, FERC has ruled that PJM's current offer cap is unjust and unreasonable for the, "winter months."
January 16, 2015
PUC Denies PSNH Motion to Stay Divestiture Review
January 14, 2015
Michigan Gov. Rick Snyder on behalf of various parties announced a series of agreements meant to address higher electric costs in the Upper Peninsula, and under which Cliffs Natural Resources Inc. would take a "significant majority" of its power supply from Upper Peninsula Power Company (the to-be…
December 31, 2014
Twin Cities Power – Canada, Ltd., Twin Cities Energy, LLC, and Twin Cities Power, LLC has agreed to pay a civil penalty of $2.5 million, and disgorge nearly $1 million, to settle an investigation into alleged market manipulation.
December 30, 2014
This story was updated on 12/30 to reflect TEAM filing a clarification that Cirro Energy did not participate in filing the comments. The REP Group's original filing had erroneously listed Cirro as a participating member
December 29, 2014
Public Service Company of New Hampshire asked for a stay of two PUC proceedings related to its generation ownership, stating that Senate Majority Leader Jeb Bradley intends to lead collaborative settlement discussions and a legislative initiative addressing the issues
December 18, 2014
FERC issued an order to show cause to Powhatan Energy Fund and related parties directing parties to show cause that they have not engaged in what FERC alleges are fraudulent Up To Congestion (UTC) transactions in PJM, and why they should not be subject to $30 million in penalties, plus disgorgement.
December 15, 2014
PJM is seeking to modify how it allocates the responsibility for capacity charges to load serving entities as part of its capacity performance proposal
December 10, 2014
PJM said that its board has authorized a filing at FERC to increase the offer cap to $1,800/MWh, and allow generators to seek additional cost recovery via uplift, for this winter season.
December 2, 2014
ERCOT has filed with the Public Utility Commission of Texas a report on the monthly coincident peak (Four Coincident Peak - 4CP) Loads in the ERCOT system for the months of June, July, August and September 2014
November 21, 2014
Capacity markets, Texas policymakers were told, provide a net benefit to customers because they eliminate unpredictable and volatile instances of excessive scarcity pricing in the energy market that customers cannot stomach, and therefore the billions provided in capacity subsidies result in lower…
November 10, 2014
Staff of the Public Utility Commission of Texas have filed a recommended proposal for publication to address Subsynchronous Oscillation (SSO) risk in ERCOT.
November 3, 2014
FERC announced that on January 7, 2015 it will convene a technical conference concerning the justness and reasonableness of PJM's existing tariff provisions related to the Financial Transmission Rights (FTR) forfeiture rule and uplift allocations as applied to Up-to Congestion (UTC) transactions and…
November 3, 2014
FERC approved without modification a series of tariff revisions filed by PJM to revise PJM's rules related to offer price adders ("FMU adders") for generation units that are frequently offer capped, referred to as Frequently Mitigated Units.
November 3, 2014
The Electric Reliability Council of Texas (ERCOT) expects the region will have sufficient electric supplies this winter, based on a broad range of planning scenarios in the Seasonal Assessment of Resource Adequacy (SARA) released Friday.
October 31, 2014
PSEG confirmed in reporting earnings yesterday that PSEG Power has been verbally notified by the FERC Staff that Staff has initiated a preliminary, non-public staff investigation into certain bidding by PSEG Power.
October 30, 2014
PJM is taking an "express lane" to impose billions of new capacity costs on consumers under its flawed capacity performance and transition mechanism, several retail suppliers, public power utilities, state regulators, and industrial customers (the transition coalition) said in comments to the PJM…
October 24, 2014
Incremental capacity costs to load serving entities from a transition to PJM's proposed capacity performance product in the three years for which a base residual auction has already been held are estimated to be as high as $4 billion annually, PJM and the Independent Market Monitor said in a joint…
