ERCOT supply tightness, strong PJM capacity market boost NRG earnings: CEO Houston — Tight supply conditions in the Electric Reliability Council of Texas and disciplined capacity market bidding in the PJM Interconnection contributed to significant NRG Energy year-over-year earnings growth in the second quarter of 2018, CEO Mauricio Gutierrez said Thursday. In NRG Energy’s second-quarter … Continue reading ERCOT supply tightness, strong PJM capacity market boost #NRG earnings: CEO→
States say FERC overstepped its bounds in PJM capacity market order A broad group of state governments, market participants and environmental advocates on Monday asked the Federal Energy Regulatory Commission to revisit a June order reshaping the PJM Interconnection capacity market, writing that the ruling overstepped the commission’s jurisdiction and would hamper state clean energy … Continue reading States say FERC overstepped its bounds in PJM capacity market order→
Transource opponents say tariffs impact cost of power line Opponents to the proposed high-voltage transmission lines in Franklin and York counties are questioning the value of the Transource project. They say the projected savings from the Independence Energy Connection have fallen by more than half, even before figuring in the economic damage from recent tariffs … Continue reading Transource opponents say tariffs impact cost of power line→
PJM CEO: Grid operator will respond to FERC capacity market order within 60 days The PJM Interconnection will respond within 60 days to a landmark order from the Federal Energy Regulatory Commission finding its capacity market unjust and suggesting major changes, CEO Andy Ott told Utility Dive. FERC last month rejected two proposals from the … Continue reading PJM CEO: Grid operator will respond to FERC capacity market order within 60 days→
Delaware, Maryland granted transmission line cost rehearing DOVER — The Federal Regulatory Commission on Thursday granted a rehearing sought by Delaware and Maryland officials over planned cost allocations for a $278 million regional electric transmission line project. The two states sought the rehearing after FERC in 2016 denied their complaint alleging that the cost-sharing formula … Continue reading #Delaware, #Maryland granted transmission line cost rehearing→
PUC hearing raises questions about power line project in York, Franklin counties Regulators in Harrisburg this week raised questions about the need for a proposed new power line project in York and Franklin counties. During a second prehearing conference before the Pennsylvania Public Utility Commission on Monday, July 9, a PPL Electric representative said the … Continue reading #PUC hearing raises questions about power line project in York, Franklin counties→
ENERGY OFFICIAL THREATENS NEW JERSEY BREXIT FROM PJM REGIONAL POWER GRID Board of Public Utilities president unhappy with ‘lip service’ and decisions that lead to NJ customers paying more for electricity Is New Jersey pulling out of the PJM Interconnection, the regional operator of the nation’s largest power grid? “We’re looking at a number of … Continue reading ENERGY OFFICIAL THREATENS #NEW_JERSEY #BREXIT FROM PJM REGIONAL POWER GRID→
FERC Nixes PJM’s Fixes for Capacity Market Besieged by Subsidized Resources In a 3–2 decision, the Federal Energy Regulatory Commission (FERC) rejected approaches filed by PJM Interconnection to reform its capacity market, whose integrity and effectiveness has been increasingly and “untenably threatened” by state subsidies for preferred generation resources, the federal regulatory body acknowledged. The … Continue reading FERC Nixes PJM ’s Fixes for Capacity Market Besieged by Subsidized Resources→
N.J. regulator threatens to pull out of PJM power market The president of New Jersey’s Board of Public Utilities is threatening to pull his state out of the PJM Interconnection, the 13-state regional transmission organization stretching from Maryland to Illinois. Joseph Fiordaliso says he is frustrated by the lack of coordination between the RTO and … Continue reading N.J. regulator threatens to pull out of PJM power market→
Surging heat fuels power demand records in 3 US markets Multiple U.S. electricity markets reported record demand this week as higher temperatures pushed up power usage around the July 4 holiday. The PJM Interconnection, which includes 13 mid-Atlantic states, reported 144,557 MW of demand on July 3, the highest level since Aug. 2016. The Electric … Continue reading Surging heat fuels power demand records in 3 US markets→
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