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February 10, 2014
FERC approved a settlement with Louis Dreyfus Energy Services L.P. (LDES) under which LDES will pay a civil penalty of $4.1 million, and disgorge $3.3 million plus interest, to resolve allegations that LDES violated the Commission’s Anti-Manipulation Rule, 18 C.F.R. § 1c.2 (2013), in connection with…
February 3, 2014
Despite the ostensible obligations placed on capacity suppliers, FERC unsurprisingly granted the New York ISO's petition to grant make-whole payments to generators with costs in excess of $1,000/MWh.
January 31, 2014
Washington Gas Energy Services, Inc. has asked FERC to deny a waiver requested by PJM to allow it to accept offers in excess of $1,000/MWh and for such offers to set the market-clearing LMP.
January 30, 2014
Retail suppliers protested the New York ISO's sought waiver to provide make-whole payments in excess of $1,000/MWh to generators, not because the payments are unwarranted, but because the retail suppliers said that the costs should instead be reflected in market-clearing prices.
January 29, 2014
NextEra Energy Power Marketing, LLC (NEPM) has slammed PJM's "on the fly" request to allow offers in excess of the $1,000/MWh cap to set the market-clearing price, as granting PJM's request would mean that customers would, "pay billions for capacity and pay unlimited energy prices whenever energy…
January 29, 2014
NRG Power Marketing LLC and several affiliates have asked FERC to, "require NYISO [New York ISO] to submit tariff revisions to permanently eliminate the $1,000/MWh bid cap."
January 27, 2014
PJM has requested that FERC allow it to not only accept offers in excess of the current $1,000/MWh bid cap applicable to energy, but to allow such offers to set the clearing price.
January 23, 2014
The New York ISO has sought FERC approval for a temporary waiver to allow it to accept offers in excess of the $1,000/MWh price cap.
January 20, 2014
Peak demand in ERCOT increased only 1% in 2013, ERCOT confirmed in its recently released Demand and Energy Report.
January 14, 2014
ERCOT received a Notification of Suspension of Operations (NSO) for the following Generation Resource:
January 13, 2014
The Maine PUC issued an order deferring consideration of a proposed long-term contract with the utilities for the construction of a new natural gas-fired electric generating facility.
January 8, 2014
FERC issued a public notice of alleged violations stating that a non-public, informal investigation by Staff of FERC's Office of Enforcement, "has preliminarily determined that Louis Dreyfus Energy Services, L.P. (LDES) violated 18 C.F.R. § 1c.2 (2013) by placing virtual trades in MISO at a node in…
January 6, 2014
With cold temperatures and high electric use this morning, the Electric Reliability Council of Texas (ERCOT) has announced an Energy Emergency Alert and has implemented the first two stages of its steps to protect the grid.
January 3, 2014
The Federal Energy Regulatory Commission (FERC) and the Commodity Futures Trading Commission (CFTC) have signed two Memoranda of Understanding (MOU) to address circumstances of overlapping jurisdiction and to share information in connection with market surveillance and investigations into potential…
December 31, 2013
Dayton Power & Light has filed an application to transfer or sell its generation assets so that they are no longer owned by the utility.
December 31, 2013
People's Power and Gas has cured its default at ISO New England.
December 26, 2013
In a written order regarding the 2014-2015 Illinois Power Agency electric default service procurement plan, the Illinois Commerce Commission has squarely addressed whether full requirements contracts are permissible for use in the plan under statute.
December 13, 2013
ERCOT and the Independent Market Monitor have filed a report with the Public Utility Commission of Texas concerning Real-Time Co-optimization of Energy and Ancillary Services in the ERCOT Markets
December 9, 2013
In an op-ed published by CityLimits.org , New York Assemblyman James Brennan said that the "clear answer" to excessive profits made by unregulated power generators under the New York market design is to "re-regulate the price of electricity."
December 5, 2013
The Public Utilities Commission of Ohio granted AEP Ohio a waiver of its corporate separation plan to allow it to retain contractual entitlements from generating resources owned by Ohio Valley Electric Corporation (OVEC), as other owners of OVEC have not consented to the assumption of these…
December 3, 2013
In a filing rich with irony, a group of ESCOs have claimed that a New York order on the cost recovery mechanism for transmission projects meant to ensure reliability in the face of a potential shut down of the Indian Point nuclear plant, "will discriminate against competitive ESCOs."
November 20, 2013
ERCOT issued a market notice with implementation details for NPRR568, Real-Time Reserve Price Adder Based on Operating Reserve Demand Curve, which was approved by the ERCOT Board on November 19, 2013
November 13, 2013
Several coalitions representing end users and industrial customers have filed a complaint at FERC regarding what complainants argue are "unjust and unreasonable" transmission rates in the Midwest ISO due to the currently used Base Returns on Equity as well as various adders.
November 11, 2013
Staff of the Public Utility Commission of Texas have developed a list of proposed questions for stakeholder comment regarding real-time co-optimization of the ERCOT market (Project 41837).
October 31, 2013
Exelon, the self-proclaimed leader in "competitive" generation, told investors that it will continue to pursue victories -- not in the marketplace but before the courts, regulators and legislators -- to "support our pricing" of its competitive generation assets.
