NYISO: June power prices were lowest on record In a market report issued for its Business Committee meeting this week, the New York ISO said June locational-based prices were the “lowest LBMP for the month of June during NYISO operation.” June prices of $28.19 were lower than the $32.98/MWh recorded in May, as well as … Continue reading NYISO: June power prices were lowest on record
DTE Energy Awards Fermi 2 Service Contract To GE Power & Water Michigan-based DTE Energy has awarded outage services work to GE Power & Water through GE Hitachi Nuclear Energy (GEH) and GE Power Generation Services (PGS) for the utility’s Fermi 2 Nuclear Power Plant, the company said Thursday. GEH will provide a host of … Continue reading #DTE_Energy Awards #Fermi 2 Service Contract To #GE Power & Water
Is Natural Gas the Answer for Electric Utilities? Electric utilities have turned to natural gas for electricity generation because of its low prices and because of onerous regulations affecting coal plants from the Environmental Protection Agency (EPA). Natural gas emits about half the carbon dioxide emissions that coal emits and is dispatchable, which means it … Continue reading Is Natural Gas the Answer for #Electric_Utilities?
Dominion notifies local landowners, continues to study powerline options Landowners affected by the proposed Remington-Pratts-Gordonsville transmission project are receiving new letters from Dominion Virginia Power. The letters reaffirm that Dominion isn’t ready to file the project with the SCC, something the company had originally said was likely to happen by June 30. “When the Remington-Pratts-Gordonsville … Continue reading #Dominion notifies local landowners, continues to study #powerline options
FERC Approves New Market Monitor Provisions for ISO-NE On June 30, 2015, FERC approved most of the proposed tariff revisions in a joint proposal from the ISO New England, Inc. (“ISO-NE”) and the New England Power Pool (“NEPOOL”) Participants Committee addressing the ISO-NE’s market monitor rules. Specifically, the proposed revisions are designed to mitigate the … Continue reading FERC Approves New #Market_Monitor Provisions for ISO-NE
Markell calls power line cost plan ‘patently unfair’ Gov. Jack Markell has urged the region’s power grid managers to reconsider plans for assigning the cost of a major new power line, warning that electric bills in Delaware could jump unfairly. The 230-kilovolt line would allow the Salem/Hope Creek nuclear plant, owned by New Jersey-based Public … Continue reading #Markell calls power line cost plan ‘patently unfair’
GRID RELIABILITY WILL COST CUSTOMERS A FEW DOLLARS MORE PER MONTH, PJM CLAIMS New regulation, intended to keep lights on when demand for electricity peaks, will increase payments to power generators A new rule to enhance the reliability of the power grid at times of peak demand will cost most customers a few dollars more … Continue reading GRID RELIABILITY WILL COST CUSTOMERS A FEW DOLLARS MORE PER MONTH, PJM CLAIMS
ERCOT Seeks Fee Increase ERCOT wants to increase its revenues — and it’s seeking another rate hike to make it happen. In documents filed with Texas regulators, the operator of the state’s principal power grid seeks to hike the fee that finances its operations from the current 46.5 cents per megawatt hour to 55.5 cents … Continue reading ERCOT Seeks Fee Increase
TECO Energy, Inc. (NYSE:TE) electric utility company is up for sale Online news service SparkSpread reported that the Tampa, FL-based utility company is up for sale Thursday afternoon. In a statement TECO Energy confirmed that it is exploring strategic alternatives. The company said, “Given the preliminary nature of this exploration, neither the company nor any … Continue reading #TECO_Energy, Inc. (NYSE:TE) electric utility company is up for sale
SPP ups membership to 90 with 4 additions East River Electric is a wholesale electric power supply cooperative serving 24 rural electric cooperatives and one municipally-owned electric system, according to its website. In turn, those providers serve more than 92,000 homes and businesses and about 250,000 consumers. East River has a 40,000 square-mile service territory … Continue reading SPP ups membership to 90 with 4 additions
