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March 22, 2012
Indiana Michigan Power Company (I&M), an AEP company, has sought FERC approval to charge a capacity rate other than the Reliability Pricing Model clearing price for capacity it provides to retail suppliers as the Fixed Resource Requirement entity (ER12-1173).
March 22, 2012
The PUCT intends to address an increase in the Power Balance Penalty Curve (PBPC), to be in place for this summer, at its next open meeting on April 12.
March 16, 2012
Monitoring Analytics, LLC, the Independent Market Monitor (IMM or MMU) for PJM, has released the 2011 State of the Market Report for PJM .
March 16, 2012
FERC Chairman Jon Wellinghoff made the following statement at yesterday's FERC open meeting concerning the settlement with Constellation Energy Commodities Group regarding a FERC investigation into market manipulation.
March 16, 2012
Despite the clear and plain language of the PJM tariff, whose meaning has already been confirmed by FERC, PJM suggests that FERC has a role in determining the state compensation mechanism to price capacity provided by Fixed Resource Requirement entities to competitive retail suppliers.
March 12, 2012
FERC has approved a settlement between its Office of Enforcement and Constellation Energy Commodities Group (CCG) to resolve an investigation into whether Constellation violated the Commission's Anti-Manipulation Rule, under which Constellation has agreed to pay a civil penalty of $135 million and…
March 8, 2012
FirstEnergy Generation Corp., a subsidiary of FirstEnergy Corp., has filed an application for a feasibility study with PJM Interconnection (PJM) to install and interconnect to the transmission system approximately 800 megawatts (MW) of new combustion turbine peaking generation at its existing…
March 7, 2012
PJM has filed revisions to its operating agreement to reflect the permanent termination of Grunwald Fund, LP as a PJM Member in accordance with Sections 15.1.6(c) and 4.1(c) of the operating agreement.
March 7, 2012
Public Utility Commission of Texas Chairman Donna Nelson and Commissioner Kenneth Anderson have both proposed raising the System Wide Offer Cap in ERCOT to as high as $7,500/MWh, but disagree on whether any incremental change should occur for the summer of 2012.
March 6, 2012
FERC has rejected a request from the PJM Independent Market Monitor for "clarifications" to the PJM Minimum Offer Price Rule in the capacity market, as FERC found the request to be an untimely request for rehearing.
March 1, 2012
FirstEnergy Solutions has opposed AEP Ohio's motion to reinstate the bifurcated capacity pricing mechanism applicable to retail suppliers, while AEP Ohio has asked FERC to expedite ruling on its complaint concerning the state compensation mechanism for capacity pricing.
February 29, 2012
GenOn Energy, Inc. said today that it expects to deactivate 3,140 MWs of generating capacity in PJM between June 2012 and May 2015 because forecasted returns on investments necessary to comply with environmental regulations are insufficient.
February 27, 2012
PPL Corporation announced this morning that PPL Generation, LLC, its competitive generation subsidiary, agreed to acquire AES Ironwood, L.L.C. and AES Prescott, L.L.C., which together own and operate the 705-megawatt AES Ironwood combined-cycle natural gas-fired power plant in Lebanon, Pa., from a…
February 24, 2012
The PUCT yesterday granted an appeal brought by two financial marketers concerning ERCOT's decision to resettle Operating Days December 1, 2010 through February 1, 2011, reversing the ERCOT Board decision to resettle the LMPs and settlement price points (Docket 39433).
February 22, 2012
A proposed California PUC decision would find that there is no need for additional generation by 2020 at this time, and would refine the process to compare competitive offers to build new generation with utility owned generation.
February 17, 2012
FERC has decided to retain its existing policies regarding the analysis of horizontal market power when reviewing transactions under section 203 of the Federal Power Act and in its electric market-based rate program (RM11-14).
February 16, 2012
The Commodity Futures Trading Commission's desire to assert jurisdiction over power markets suggests that a broad end-user exemption from the Frank-Dodd regulations for the energy sector, "is less of a possibility," analysts at UBS Securities said in a research note to clients.
February 10, 2012
AEP said this morning that it plans to file today at the Federal Energy Regulatory Commission (FERC) to separate its Ohio businesses and to terminate and replace the Interconnection Agreement for its eastern generating assets with a new power cost sharing arrangement.
February 2, 2012
The New Hampshire legislature is conducting a hearing today on a bill (House Bill 1238) which would require Public Service of New Hampshire (PSNH) to divest its fossil, hydro, and biomass generation assets by December 31, 2013.
January 31, 2012
FERC accepted several changes to the Reliability Pricing Model tariff which will act to raise capacity prices, but ordered hearing and settlement procedures regarding the Cost of New Entry (CONE).
January 31, 2012
The Staff of the Office of Enforcement of the Federal Energy Regulatory Commission, in a nonpublic preliminary investigation, "has preliminarily determined that Constellation Energy Commodities Group, Inc. (CCG) violated the Commission's Prohibition of Electric Energy Market Manipulation, 18 C.F.R…
January 30, 2012
The Midwest ISO has filed with FERC tariff revisions to establish a Look Ahead Commitment tool, a near-term Resource commitment process in MISO's real-time markets.
January 26, 2012
FirstEnergy Corp. announced this morning that its generation subsidiaries will retire six older coal-fired power plants located in Ohio, Pennsylvania and Maryland by September 1, 2012.
January 23, 2012
FERC intends to revoke the market-based rate authority of 70 "public utilities," including several competitive retail suppliers, if the entities do not file electronic market-based rate tariffs within 60 days.
January 23, 2012
Parties have filed with the PUCT a list of stipulated facts and settlement issues regarding Entergy Texas' competitive generation service (CGS) tariff, though several issues remain contested (Docket 38951).
