July 26, 2011
FERC Approves CAISO Virtual Award Charge
FERC approved the California ISO's proposed level of its virtual award charge, which applies to scheduling coordinators engaged in convergence bidding (ER11-2128 et. al.)
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July 25, 2011
IMM Says Proposed Constellation-Exelon Divestiture Does Not Completely Eliminate Competitive Issues
The proposal from Constellation Energy and Exelon to divest three generating plants in PJM as part of their proposed merger would not eliminate the competitive issues of the merger, PJM's Independent Market Monitor said in comments at FERC (EC11-83).
July 25, 2011
CMP, BHE Propose Selling Output from Long-Term Contracts in Wholesale Market, Applying Impact to All Customers
Central Maine Power and Bangor Hydro-Electric have both recommended selling the energy associated with new long-term contracts with renewable energy facilities into the wholesale market, with any costs or benefits applicable to all customers (Docket 2011-222).
July 22, 2011
FERC Opens Ratepayer Wallets to Fund Transmission Subsidization
FERC yesterday adopted a final rule on transmission cost allocation clearly aimed at socializing greater amounts of transmission costs over a wider number of retail customers (RM10-23).
July 22, 2011
Questions on Capacity Costs High on Entergy Texas Stakeholders' Minds
In preparation for a July 28 PUCT workshop on issues related to the proposed integration of Entergy Texas (ETI) into the Midwest ISO, and issues related to several of the operating companies' exit from the Entergy system agreement, stakeholders submitted questions to Entergy to be addressed at the…
July 22, 2011
FERC Reverses Refund Order Regarding Marginal Loss Cost Allocation at PJM
FERC ruled in favor of Integrys Energy Services and, on rehearing, found that refunds originally ordered to be paid to parties engaged in certain virtual transactions in PJM, due to a change in the allocation of marginal line loss surpluses, shall now no longer be paid to such virtual traders…
July 21, 2011
Clean Currents: PJM Credit Changes Solidify "Dominance" of Large Incumbents
Various proposals from PJM regarding increased credit requirements, in response to the FERC RTO credit "reform" order, will not help avoid the intended moral hazard or limit risk, and are instead, "just market barriers that solidify the dominance of large incumbent players," CCES LLC said in…
July 14, 2011
Luminant Considers Mothballing Capacity due to EPA Rules
Luminant said in an SEC filing yesterday that it is considering mothballing certain of its legacy lignite/coal-fueled generation due to the EPA's Cross-State Air Pollution Rule (CSAPR).
July 12, 2011
BHE, National Grid Dismiss Concerns Regarding PPAs with Participants in Participant Funded Transmission Line
Bangor Hydro-Electric Company and National Grid Transmission Services Corporation have sought a declaratory order from FERC affirming that a participant funded transmission line, to be subscribed by First Wind Holdings, Inc., meets the Commission's policy and precedent (EL11-49).
July 11, 2011
PUCT Directs ERCOT to Study Potential Adjustments to Offer Curves When Non-Spin, RUC Deployed
The PUCT has directed ERCOT to examine potential adjustments to the offer curves when Non-Spin or Reliability Unit Commitment is deployed for reliability purposes, to preserve scarcity pricing signals.
July 4, 2011
FERC Rules in Favor of MISO in MISO-SPP JOA Dispute Crucial to Entergy Integration
FERC has ruled in favor of the Midwest ISO in an interpretation of the MISO-Southwest Power Pool Joint Operating Agreement (JOA) which is critical in the proposed integration of Entergy into MISO as a transmission owner (EL11-34).
June 29, 2011
Briefly
Integrys Energy Services Seeks FERC Action on SECA Rehearing, Compliance Filings
June 21, 2011
FERC Denies Sempra Generation Sale of Capacity to SDG&E
FERC has denied a request from Sempra Generation to make capacity sales to its affiliate San Diego Gas & Electric Company pursuant to a competitive solicitation, as FERC found that the solicitation does not satisfy the Commission's concerns regarding the potential for affiliate abuse (ER11-3464).
June 17, 2011
FERC Approves PJM-MISO JOA Settlement with Limit on Future Claims
FERC has approved without modification a settlement under which all claims that arose, or could have arisen, under the PJM-Midwest ISO Joint Operating Agreement (JOA) are released, and which imposes a one-year time limit for future claims arising under the JOA.
June 14, 2011
Settlement Would Move Sharyland SPP Load into ERCOT by January 1, 2014, Potentially Allowing Retail Choice
Sharyland Utilities, PUCT Staff, and other parties have filed an unopposed stipulation which would move Sharyland's Stanton and Colorado City load from the Southwest Power Pool to ERCOT, potentially allowing for the introduction of retail choice (39070).
June 8, 2011
New Brunswick Power Generation Says Emera, Algonquin Transactions Will Increase Market Power in Northern Maine
New Brunswick Power Generation Corporation has protested at FERC several transactions involving Emera, Algonquin Power & Utilities Corp., and First Wind Holdings, alleging that the transactions would, "adversely affect competition by creating affiliated entities possessing horizontal and vertical…
June 6, 2011
ISO-NE Market Monitor Warns of Decline in Virtual Transactions
A disproportionately high level of transaction costs may threaten the viability of virtual transactions in the ISO New England Day-Ahead Energy Market, the Internal Market Monitor said in an annual markets report.
May 31, 2011
Texas Legislature Defines Electric Storage as Generation
The Texas legislature has enrolled and sent to the governor SB 943, which defines electric storage as generation.
May 30, 2011
Texas Legislature Formally Delays El Paso Electric Transition to Competition
The Texas legislature has enrolled and sent to the governor SB 1910, which postpones the transition to competition at El Paso Electric.
May 30, 2011
Texas Legislature Enrolls Market Power Disgorgement Bill
The Texas legislature has enrolled and sent to the governor HB 2133 which requires the PUCT to order the disgorgement of all excess revenue resulting from a violation of Section 39.157 of PURA, relating to market power.
May 25, 2011
FERC Dismisses Calif. Complaints on Bilateral Energy Crisis Contracts, Price Cap
FERC dismissed a complaint filed in 2009 by the California attorney general which had alleged that various market participants had made short-term bilateral sales at unjust and unreasonable prices to the California Energy Resources Scheduling Division (CERS) of the California Department of Water…
May 25, 2011
Financial Marketers Appeal Resettlement of ERCOT Market
Two financial marketers, Longhorn Energy LP and West Oaks Energy LLC, have appealed, to the PUCT, ERCOT's resettlement of Operating Days December 1, 2010 through February 1, 2011 (Docket 39433).
May 23, 2011
PUCT Schedules Workshop on ERCOT Reserve Adequacy
The Public Utility Commission of Texas scheduled a workshop for June 22 regarding the potential effect of proposed federal environmental regulations on reserve adequacy in ERCOT (see 5/12) .
May 20, 2011
ERCOT Board Approves Interim Shadow Price Cap for Valley
ERCOT's Board of Directors approved a temporary price cap revision for the Valley area.
May 17, 2011
Briefly
Jim Crane, of Crane Capital/Champion Energy, Leads Group Purchasing Houston Astros