June 25, 2012
ERCOT TAC Recommends Level for Power Balance Penalty Curve
ERCOT's Technical Advisory Committee has made a preliminary recommendation to the Public Utility Commission of Texas for changes to the Power Balance Penalty Curve (PBPC).
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June 22, 2012
Texas Staff File Proposal for Adoption for Increase in Offer Cap Effective August 1
Staff of the Public Utility Commission of Texas have filed a recommended proposal for adoption to establish the ERCOT high system-wide offer cap (SWOC) at $4,500 per megawatt-hour beginning on August 1, 2012, to be effective until a subsequent change by the Commission (37897).
June 19, 2012
Texas Staff, NRG Seeks Approval of Voluntary Mitigation Plan
Staff of the Public Utility Commission of Texas and NRG Texas Power, LLC, and its generation affiliates operating in the ERCOT market, have sought Commission approval of a Voluntary Mitigation Plan governing the offering practices that NRG can use when offering its generation resources into the…
June 4, 2012
PJM to Modify Calculation Methodology for Marginal Losses
PJM has filed at FERC to modify the methodology for calculating marginal losses.
May 28, 2012
Vista Energy Marketing to Pay $350,000 to Settle FERC Investigation
FERC approved a stipulation and consent agreement between its Office of Enforcement, Vista Energy Marketing, L.P., and Michael P. Whalen, Jr. which resolves Enforcement's investigation under Part 1b of the Commission's regulations, 18 C.F.R. Part 1b, into whether Vista accurately described Whalen's…
May 21, 2012
Texas Rules on Threshold Issues for Entergy Competitive Generation Service Tariff
The Public Utility Commission of Texas has resolved threshold issues regarding the design of a competitive generation service (CGS) tariff at Entergy Texas, and with such direction parties will now work to bring a consensus final program design before the Commission for approval (Docket 38951).
May 21, 2012
Capacity Market Price Blowout for ATSI Zone; Bodes Ill for Ohio Markets; Prices Generally Up Across RTO
A blowout clearing price of $357.00/MW-day for annual resources in the American Transmission Systems, Inc. zone resulting from PJM's Base Residual Auction for capacity for the 2015/16 period will no doubt have implications for several pending cases before the Public Utilities Commission of Ohio.
May 17, 2012
Commissioner Anderson Proposes Gentler Slope for Power Balance Penalty Curve In Light of Other Market Changes
The ERCOT Power Balance Penalty Curve (PBPC) should have a gentler slope and the starting energy bid price should remain at $200 given other changes to the market that have already been made, and are expected to be made, Commissioner Kenneth Anderson of the Public Utility Commission of Texas said in…
May 11, 2012
Midwest ISO May Face "Operational Challenge" from EPA MATS Rule, Study Says
The Midwest ISO, "may face an operational challenge in managing outage scheduling," as coal units are compelled to comply with the federal EPA's Mercury and Air Toxics Standards (MATS) rule, The Brattle Group found in a study released today .
May 8, 2012
Turner, Davis Urge Caution on Raising ERCOT Price Cap, Cite Impact on REPs
Texas State Representative Sylvester Turner and Senator Wendy Davis filed separate letters to the PUCT Commissioners expressing concern with the proposed increase in the ERCOT system wide offer cap to $4,500 effective August 1, citing, in particular, the impact on retail electric providers.
May 4, 2012
Liberty Power Owners Launching Wholesale Business to Supply Utilities
Several owners of Liberty Power Corp. are launching a new wholesale business to supply utilities.
May 3, 2012
PJM IMM Seeks FERC Determination That Capacity Supplier's Sell Offer Is Too Low
The PJM Independent Market Monitor has filed a complaint at FERC seeking a determination that various modeling assumptions, and the resulting sell offer, from an unnamed capacity supplier are invalid, and that the such assumptions must be modified to conform to the Minimum Offer Price Rule.
April 30, 2012
Calpine to Build New Capacity in ERCOT for Summer 2014
Calpine announced Friday that it is actively permitting the addition of 520 MW of combined-cycle capacity at existing sites in ERCOT, with anticipated commencement of commercial operations by the summer of 2014.
April 24, 2012
PJM Prices Higher by At Least $141,000 Due to Exelon "Inadvertent" Error Resulting in Offers Above Stipulated Caps
Day-ahead and real-time energy prices in PJM were inflated by at least $141,000 during a two-week period in which mitigation was not applied to several Constellation Energy units as required under a Maryland PSC order, while total excess revenues to Exelon resulting from what the company called an…
April 23, 2012
Texas Staff File Draft Proposal for Disgorgement Rules
Staff of the Public Utility Commission of Texas have filed a draft proposal for publication to implement HB 2133, concerning the disgorgement of excess revenues resulting from a violation of PURA or administrative rule or protocol (40073).
April 18, 2012
PUCO Staff Files Testimony Supporting Lower Capacity Charge at AEP Ohio
Staff of the Public Utilities Commission of Ohio has sponsored testimony supporting a reduced capacity charge applicable to capacity provided to retail suppliers from AEP Ohio under the AEP Ohio Fixed Resource Requirement plan.
April 12, 2012
Texas Commission to Publish Rule Raising Offer Cap Effective
The Public Utility Commission of Texas will publish for comment a proposed rule that would raise the ERCOT system wide offer cap effective August 1, 2012.
April 11, 2012
Federal Government Holding Up Market Participant Wire Payments to ERCOT
ERCOT said in a market notice yesterday that it has seen an increase in wires being held for review by the Office of Foreign Asset Control (OFAC), an agency of the US Department of Treasury.
April 11, 2012
FERC Declines to Expand Case to Include Allocation of $100 Million in Overpayments by PJM Load
FERC has ordered hearing and settlement judge procedures regarding an error in PJM's calculation of Operating Reserve Lost Opportunity Cost credits paid to generators, which resulted in an overpayment of such credits funded by load, but declined to address in the instant proceeding any issues…
April 10, 2012
FERC Enforcement Staff Alleges Market Manipulation by Barclays Bank PLC
FERC has posted a Staff Notice of Alleged Violations against Barclays Bank PLC and several individual traders.
April 9, 2012
ISO New England Seeks Capacity Market Change to Address Market Power Concerns
ISO New England has sought changes to the information provided to market participants prior to the Forward Capacity Auction (FCA) to prevent pivotal suppliers from using the information to undertake strategic withdrawals.
April 6, 2012
Texas Staff File Draft to Increase High, Low Offer Caps in ERCOT
Staff of the Public Utility Commission of Texas have filed a draft proposal for publication concerning an increase in the high and low system offer caps and the peaker net margin in ERCOT (40268).
April 5, 2012
N.Y. to Issue RFI for Potential Energy Projects, Including Generation
New York Governor Andrew M. Cuomo's Energy Highway Task Force yesterday said that it expects to issue a Request for Information (RFI) on April 11, seeking ideas for potential energy projects from private developers, investor-owned utilities, the financial community and others.
March 27, 2012
Conn. Draft Would Adopt NU/Nstar Merger Settlement Without Modification
A draft Connecticut PURA decision would approve, without modification, a settlement agreement among Northeast Utilities, Nstar, the Office of Consumer Counsel, and the Attorney General, and would approve the merger of NU and Nstar.
March 22, 2012
AEP Makes Official Notifications of Ohio, Texas Retirements
American Electric Power today made official notifications to regional reliability organizations PJM Interconnection and Southwest Power Pool (SPP) of the company's plan to retire more than 4,600 megawatts (MW) of coal-fueled power generation, primarily to comply with a series of U.S. Environmental…