Second PJM Capacity Performance Transitional Auction Ensures Power Supplies For 2017-2018 VALLEY FORGE, Pa., Sept. 9, 2015 /PRNewswire/ — PJM Interconnection’s second transitional auction successfully procured the targeted amount of resources to perform under strict Capacity Performance standards. Auction results, which were announced today, included the clearing price of $151.50 per megawatt-day, well below the … Continue reading Second PJM Capacity Performance Transitional Auction Ensures Power Supplies For 2017-2018→
Ares-EIF Sells Allegheny Hydro Plants Ares Management, L.P. (NYSE:ARES) announced today that a fund managed by the Ares-EIF Group and Northbrook Energy, LLC have recently sold two run-of-the-river hydroelectric power facilities on the Allegheny River in Pennsylvania to the Public Sector Pension Investment Board (PSP Investments). Terms of the transaction were not announced. The two … Continue reading Ares-EIF Sells Allegheny Hydro Plants→
PJM Capacity Auction Impact On Exelon And Other Electric Utilities For those who follow the electric utility industry, the PJM capacity auction is usually one of the big events on the calendar. (PJM is the regional transmission organization that essentially controls the operation of the electric grid from New Jersey to Chicago.) This year’s auction … Continue reading PJM Capacity Auction Impact On #Exelon And Other Electric Utilities→
Results of auction set electricity cost higher Auction results disclosed on Friday likely will lead to higher electricity bills for consumers a couple of years down the road and a boost in revenue for power-plant owners such as American Electric Power. The price changes will take effect in mid-2018 and translate to an increase of … Continue reading Results of auction set electricity cost higher→
The geekiest asset class in the world sings the body electric The past couple of months have not been easy for most Wall Streeters. What can a speculator do when even cash is underperforming cash? “Our banks are firing us,” says one of my friends in that world. “They don’t want our cash, so if … Continue reading The geekiest asset class in the world sings the body electric→
Exelon Corp. (EXC) Announces Clearance of PJM Nuclear Plants Exelon Corp. (NYSE: EXC) announced that all of the Illinois nuclear plants in PJM cleared in the transition capacity auction for the 2016-17 planning year. The auction results take effect in June 2016. This is the first of two transitional auctions that PJM is holding to … Continue reading Exelon Corp. (#EXC) Announces Clearance of PJM Nuclear Plants→
The Procrustean bed of mandatory capacity markets Remember the story of Procrustes from Greek mythology? He had an iron bed on which he invited passersby to spend the night. If his guest was shorter than the bed, he stretched them by hammering or racking the body to fit. If the guest was longer than the … Continue reading The Procrustean bed of mandatory capacity markets→
Mapping how the United States generates its electricity Coal and natural gas are the most common sources for electricity in the country, but coal represents a declining share. The new Clean Power Plan seeks to accelerate that trend by requiring power plants to cut carbon pollution levels and rewarding states and companies that embrace clean … Continue reading Mapping how the United States generates its #electricity→
NRG to close 380-MW Huntley coal-fired plant, puts Dunkirk conversions on hold NRG Energy said Tuesday it plans to close the 380-MW Huntley coal-fired north of Buffalo, New York, and has put on hold the conversion of four units at the Dunkirk coal-fired plant south of the city to burn natural gas. The company notified … Continue reading #NRG to close 380-MW #Huntley coal-fired plant, puts #Dunkirk conversions on hold→
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