U.S. wind industry hits 70 GW capacity mark, celebrates tax credit extension The new retroactive PTC extension allows developers to earn the full tax credit for projects that meet “commence construction” criteria in 2015 and 2016 and are completed within two years. The credit drops 20% in 2017, 20% further in 2018, and a final … Continue reading U.S. wind industry hits 70 GW capacity mark, celebrates tax credit extension→
FERC Allows CAISO EIM to Identify Adjacent Capacity FERC last week approved Tariff revisions that will allow CAISO’s Energy Imbalance Market to automatically recognize the capacity that participants outside of the ISO’s footprint use to maintain reliability in their own territories (ER15-861-006). In its filing proposing the change, CAISO told the commission that its software’s … Continue reading FERC Allows CAISO #EIM to Identify Adjacent Capacity→
Midcontinent ISO proposes 2-season capacity auctions A two-day stakeholder meeting held last week could result in two significant changes to the MISO grid that helps to bolster reliability and allow for merchant generators in Illinois’ choice market. In addition to proposing a two-season capacity auction system, RTO Insider reports the meeting produced a Supply Adequacy … Continue reading Midcontinent ISO proposes 2-season capacity auctions→
New generation resources drive up projected ERCOT reserve margins through 2025 AUSTIN, TX, Dec. 1, 2015 — The updated 10-year Capacity, Demand and Reserves (CDR) report released today by the Electric Reliability Council of Texas (ERCOT) shows a continuing rise in planning reserve margins in coming years, due primarily to the anticipated addition of more … Continue reading New generation resources drive up projected ERCOT reserve margins through 2025→
Demand Response Jockeys for Position in PJM Capacity Market Environmental and consumer advocates, along with Illinois’ regional electric grid operator, PJM Interconnection, launched a project on October 6 designed to demonstrate how demand response – a non-generator resource that is now a participant in PJM’s capacity markets – can support grid reliability year-round as well … Continue reading Demand Response Jockeys for Position in PJM Capacity Market→
CAL-ISO Gets FERC Approval for Backstop Capacity Auctions On October 1, the California Independent System Operator (CAL-ISO) got the go-ahead (Docket No. ER15-1783-000) from the Federal Energy Regulatory Commission (FERC) to revise its capacity procurement mechanism (CPM) by implementing a competitive solicitation process. The new auction process is intended to ensure that sufficient resources with … Continue reading CAL-ISO Gets FERC Approval for Backstop Capacity Auctions→
Support and concerns about FirstLight’s application to increase winter pumping capacity NORTHFIELD — The independent system operator of the region’s electrical grid has written a letter of support on an application by Northfield Mountain hydroelectric project’s owners to boost its potential winter operation until its current federal license expires in 2018. FirstLight Hydro Generating … Continue reading Support and concerns about FirstLight’s application to increase winter pumping capacity→
PJM Stakeholders Weigh 4 Options on Offer Cap; No Agreement in Sight VALLEY FORGE, Pa. — Members debated four potential changes to the $1,000/MWh energy offer cap last week at a specially called meeting of the Markets and Reliability Committee, failing to agree on any one — or even which should be the main and … Continue reading PJM Stakeholders Weigh 4 Options on Offer Cap; No Agreement in Sight→
Exelon’s Quad Cities plant gets lifeline under PJM performance rules Illinois’ nuclear standoff is over — or at least deferred. Exelon Corp., the nation’s largest nuclear operator, yesterday announced that its Quad Cities nuclear plant in western Illinois was chosen in last week’s capacity auction run by the region’s grid operator. That means it will … Continue reading #Exelon’s #Quad_Cities plant gets lifeline under PJM performance rules→
AEP Announces Outcome of PJM Capacity Auctions American Electric Power (NYSE: AEP) today announced that 7,209 megawatts (MW) of the company’s unregulated generation fleet in the PJM Interconnection cleared the capacity auction for the 2018-2019 delivery year, representing all of the capacity that AEP Generation Resources bid into the auction. Auction results were announced Aug. … Continue reading #AEP Announces Outcome of PJM Capacity Auctions→
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