Energy oversight body to pay $16M penalty for 2011 blackout An electricity grid oversight body will pay $16 million to settle a dispute with the federal government over its role in a 2011 power outage in California, Arizona and Mexico. The Federal Energy Regulatory Commission (FERC) announced its settlement with the Western Electricity Coordinating Council … Continue reading Energy oversight body to pay $16M penalty for 2011 blackout
“Such a fact pattern does not a $5 million penalty make.” Or so says one dissenting FERC Commissioner in the recent Maxim Power enforcement proceeding.1 On May 1, 2015, FERC issued an order assessing civil penalties (the “Order”) of $5 million against Maxim Power Corporation and its named subsidiaries (“Maxim”),2 as well as $50,000 against … Continue reading “Such a fact pattern does not a $5 million #penalty make.”
FERC Declines to Change “Gas Day” Start Time; Adopts Other Proposed Natural Gas Scheduling and Contracting Changes On April 16, 2015, the Federal Energy Regulatory Commission (FERC) issued a final rulemaking order (Order No. 809 in Docket RM14-2-000) in which it declined to adopt the controversial proposed change in the “Gas Day” start time. In … Continue reading FERC Declines to Change “Gas Day” Start Time; Adopts Other Proposed Natural Gas Scheduling and Contracting Changes
FERC Fines Maxim Power $5 Million For Market Manipulation; Commissioner Clark Dissents On May 1, 2015, FERC issued an order assessing civil penalties against Maxim Power Corporation, Maxim Power (USA), Inc., Maxim Power (USA) Holding Company Inc., Pawtucket Power Holding Co., LLC, Pittsfield Generating Company, LP (collectively “Maxim”) and an Energy Marketing Analyst at Maxim, … Continue reading FERC Fines #Maxim_Power $5 Million For Market Manipulation; Commissioner Clark Dissents
FERC Gets Top U.S. Court Hearing on Energy-Conservation Rule The Obama administration will get a U.S. Supreme Court hearing as it tries to save a rule that rewards industrial consumers for cutting electricity use. The rule, opposed by the power industry, benefits smart-grid companies such as EnerNOC Inc. that help large electricity consumers reduce their … Continue reading FERC Gets Top U.S. Court Hearing on Energy-Conservation Rule
What Did April Bring?: FERC Extends Out-of-Market Reliability Measures but Wants Market-Based Solutions The Federal Energy Regulatory Commission (“FERC”) recently published two orders that approved capacity and reliability measures for the Independent System Operator New England Inc. (“ISO-NE”) and the New York Independent System Operator (“NYISO”). In contrast to its approval of NYISO’s measures as … Continue reading What Did April Bring?: FERC Extends Out-of-Market Reliability Measures but Wants Market-Based Solutions
PJM Considering Change to Day-Ahead Deadlines in Response to FERC Gas Schedule Order PJM is considering changing its day-ahead market schedule in response to the Federal Energy Regulatory Commission’s April 16 ruling revising the interstate gas nomination timeline. Other RTOs’ reactions varied, with ISO-NE saying it has no plans to change its schedule and NYISO … Continue reading PJM Considering Change to #Day-Ahead Deadlines in Response to FERC Gas Schedule Order
CAISO to FERC: Energy Imbalance Market problems found, reforms coming In a filing with federal regulators last week, California’s grid operator described price spikes in its energy imbalance market as “excursions and infeasibilities,” but also said that it had discovered the cause: the system’s inability to recognize capacity held in reserve by PacifiCorp. California ISO … Continue reading CAISO to FERC: Energy Imbalance Market problems found, reforms coming
Do Pay-for-Performance Capacity Markets Deliver the Grid Resiliency Outcomes We Need Competitive wholesale power markets are designed to sustain needed investment through market participants hedging risks in response to transparent pricing in the energy and ancillary services markets. But in practice, it’s been a challenge to realize market prices fully reflective of actual market conditions. … Continue reading Do Pay-for-Performance Capacity Markets Deliver the Grid Resiliency Outcomes We Need?
ISO-NE delays demand response integration due to FERC Order 745 uncertainty Observers say the Supreme Court could decide this month — perhaps as soon as April 27 — whether or not it will reconsider the D.C. Circuit Court’s decision last year to vacate Order 745, which gave FERC authority over demand response in wholesale markets. … Continue reading ISO-NE delays demand response integration due to FERC Order 745 uncertainty
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