NOPR Requires PJM, MISO, ISO-NE Switch to 5-Minute Settlements FERC issued a preliminary order Thursday that would require RTOs and ISOs to align their settlement and dispatch intervals, saying it was the first of a number of proposals the commission plans to act on based on what it learned from the price formation proceeding it … Continue reading #NOPR Requires PJM, MISO, ISO-NE Switch to 5-Minute Settlements
September 17, 2015 FERC Orders Alignment in Dispatch, Settlements By Rich Heidorn Jr. FERC issued a preliminary order Thursday that would require RTOs and ISOs to align their settlement and dispatch intervals, saying it was the first of a number of proposals the commission plans to act on based on what it learned from the … Continue reading NOPR Requires PJM, MISO, ISO-NE Switch to 5-Minute Settlements
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
September 14, 2015 By Suzanne Herel 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 alternate proposals. Read the full article … Continue reading PJM Stakeholders Weigh 4 Options on Offer Cap; No Agreement in Sight
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
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
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