October 28, 2013
ERCOT Receives Notification of Suspension of Operations for CPS Units
ERCOT has received a Notification of Suspension of Operations (NSO) for the following Generation Resources:
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October 21, 2013
GDF SUEZ Proposes Increasing ERCOT Value of Lost Load to $25,000 due to Use of Cumulative Distribution Function in Operating Reserves Demand Curve
GDF SUEZ Energy North America, Inc. has proposed increasing the Value of Lost Load (VOLL) used to create the Operating Reserve Demand Curve (ORDC) in ERCOT due to what GDF called "unintended consequences" of the use of the cumulative distribution function to design the curve.
October 7, 2013
AEP Ohio Seeks Waiver to Retain Generation Entitlement
AEP Ohio has sought a waiver to its corporate separation plan from the Public Utilities Commission of Ohio 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…
October 2, 2013
Did Federal Court Just Eviscerate States' Right to Set Prices for Default Service (Court Says State "Impotent" to Establish Price for Wholesale Energy)
A nonsensical opinion from a federal court appears to void state public service commissions' ability to set the prices paid to their wholesale default service providers, because "state action that regulates" within the field of "setting wholesale electric energy and capacity rates or prices" is…
October 1, 2013
ERCOT Protocol Revision Filed to Shorten Settlement Timeline to Five Days
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.
September 26, 2013
Constellation Sees Opportunity in Risk Products from Exit of Financial Players
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…
September 25, 2013
In Letter on Capacity Market, House Republicans Urge FERC to Ensure Wholesale Markets Don't Become "Mere Administrative Constructs" Dependent on Increasing Inputs from Regulators
Republican members of the U.S. House Energy and Commerce Committee have urged FERC, in a letter to Commissioners, to ensure that, "restructured electricity markets operate pursuant to legitimate market forces and are not becoming mere administrative constructs dependent on an increasing amount of…
September 24, 2013
Briefly
Entergy Texas Refiles to Transfer Transmission to ITC
September 23, 2013
ERCOT Delays Implementation of NPRR 416, Creation of the RUC Resource Buyback Provision
ERCOT said in a market notice that it has identified a potential problem with the implementation of NPRR 416, Creation of the RUC Resource Buyback Provision, which is scheduled for release this week.
September 18, 2013
Google Signs PPA With Another Texas Wind Farm
Google has agreed to purchase the entire output of the 240 MW Happy Hereford wind farm outside of Amarillo, Texas
September 13, 2013
Texas Advances Operating Reserves Demand Curve, Sets Major Parameters, NPRR to Be Issued Next Week
The Public Utility Commission of Texas has directed ERCOT to develop a Nodal Protocol Revision Request to implement an Operating Reserves Demand Curve (ORDC), following the B+ design, and agreed on four major design elements for the curve.
September 12, 2013
OVER: Arizona Commission Closes Investigation of Retail Choice, Maintains Current System
Citing insurmountable legal hurdles, the Arizona Corporation Commission yesterday voted 4-1 to close the Commission's investigation of retail electric choice, and to maintain the current system.
September 3, 2013
Generation Owner: PJM Capacity Market "Deeply Flawed," and "Needs to be Fixed on Many Levels"
An owner of generation in PJM has said that the RTO's Reliability Pricing Model capacity market is "deeply flawed, and needs to be fixed on many levels."
September 3, 2013
FERC Orders ISO-NE to Clarify Tariff Provisions Related to CFTC Exemption due to Impact on Small Retail Suppliers
On August 30, FERC conditionally accepted a tariff filing by ISO New England Inc. to reflect that market participants may qualify for an exemption from certain provisions of the Commodities Exchange Act (CEA) and Commodity Futures Trading Commission (CFTC) regulations when engaging in specified…
August 30, 2013
Texas Commission to Address Question of Mandated Reserve Margin; Directs Drafting of Operating Reserves Demand Curve Protocols
The Public Utility Commission of Texas directed ERCOT to begin drafting protocols for implementation of an Operating Reserves Demand Curve as the Commission considers final approval, while Commissioners agreed to examine several questions in a new phase of its resource adequacy investigation…
August 27, 2013
Texas Generator Files Complaint at PUC Regarding ERCOT Settlement, Manual Override of High Dispatch Limit
Odessa-Ector Power Partners, L.P. has filed at the Public Utility Commission of Texas a complaint and appeal of the Electric Reliability Council of Texas' denial of real time market settlement payments to Odessa following ERCOT manual overrides of Odessa's High Dispatch Limit (HDL) on November 15…
August 12, 2013
Texas Commission Concerned with Loss of Control to Feds in Entergy-ITC Transaction (Risk Remains Under MISO Membership)
Entergy Texas and an ITC Holdings subsidiary withdrew, without prejudice to re-filing, their request for approval from the Public Utility Commission of Texas for a sale of Entergy Texas' transmission assets to ITC, after it became clear that the Commission was prepared to reject the transaction…
August 12, 2013
Anderson: More Than 1,000 MW of Texas Quick Start Units Will Close on Financing if Operating Reserves Demand Curve Adopted
The Public Utility Commission of Texas deferred until its next open meeting a decision on adopting an Operating Reserves Demand Curve (ORDC) for the ERCOT market, as Commissioner Kenneth Anderson said that the delay, particularly from a potential rulemaking process, could impede over 1,000 MW of new…
August 6, 2013
FERC Issues Show Cause Order Seeking $28 Million Penalty for Alleged Market Manipulation
FERC issued an order to BP Energy Company and affiliates directing the companies to show cause why they should not be found to have violated section 1c.1 of the Commission’s regulations and section 4A of the Natural Gas Act.
August 1, 2013
Briefly
United Illuminating Discloses Default Service Supplier
July 30, 2013
FERC, JP Morgan Unit Agree to $410 Million in Penalties, Disgorgement to Ratepayers
The Federal Energy Regulatory Commission (FERC) said today that it approved a stipulation and consent agreement under which JP Morgan Ventures Energy Corporation (JPMVEC) will pay $410 million in penalties and disgorgement to ratepayers for allegations of market manipulation stemming from the…
July 29, 2013
FERC Seeks More Info on Market Power Impacts from Dynegy Acquisition of Ameren Energy Resources
FERC Staff has requested more information from various Ameren subsidiaries and Dynegy concerning the market power impacts of the proposed acquisition of Ameren Energy Resources by Dynegy.
July 24, 2013
Analysis Shows Latest Operating Reserves Demand Curve Proposals Would Enhance ERCOT Resource Adequacy
Additional options for setting parameters of an operating reserves demand curve in ERCOT would enhance resource adequacy, even at a lower minimum contingency level, an analysis conducted by The Brattle Group showed.
July 22, 2013
Briefly
Broker EMEX Expands Reverse Auction Tool to Natural Gas
July 17, 2013
FERC Orders $453 Million in Penalties for Power Market Manipulation
The Federal Energy Regulatory Commission said in a news release that it ordered Barclays Bank PLC and four of its traders to pay $453 million in civil penalties for, "manipulating electric energy prices in California and other western markets between November 2006 and December 2008."