Coalition urges Illinois to boost energy goals If Illinois wants to meet President Barack Obama’s mandate to curb carbon dioxide pollution by 30 percent by 2030, it should invest heavily in energy efficiency and renewable energy. That was the message Wednesday at a news conference organized by a coalition of labor, business and environmental groups … Continue reading Coalition urges Illinois to boost energy goals
East Kentucky Power ordered to credit $8.5 million The Public Service Commission ruled Friday that East Kentucky Power Cooperative credit it’s members $8.5 million in disallowed power costs. Read full article at Journal Times
W. Chester brothers accuse FERC in $30M energy-trading fight Trades and rebates collected by an energy-trading fund controlled by two West Chester brothers “cost more than 20 market participants at least $100,000 each,” with “Exelon, American Electric Power and Dominion Resources each losing more than $1 million,” the power-markets industry newsletter RTO Insider reports here, … Continue reading W. Chester brothers accuse FERC in $30M energy-trading fight
FERC Approves PJM Energy Offer Cap Increase For 2014/2015 Winter On January 16, 2015, FERC approved PJM Interconnection LLC’s (“PJM”) request to raise its cap on cost-based energy offers from $1,000/MWh to $1,800/MWh for the winter season. According to PJM, the increase is designed to ensure that generators can recover all their costs in the … Continue reading FERC Approves PJM Energy Offer Cap Increase For 2014/2015 Winter
Macquarie Infrastructure Company Enters into Agreement to Acquire Bayonne Energy Center EW YORK–(BUSINESS WIRE)–Macquarie Infrastructure Company (NYSE:MIC) announced that it has entered into a definitive agreement to acquire Bayonne Energy Center (BEC) from an affiliate of ArcLight Capital Partners LLC for approximately $210 million in cash plus the assumption of approximately $510 million of debt … Continue reading Macquarie Infrastructure Company Enters into Agreement to Acquire Bayonne Energy Center
PJM: Gates’ Trades Cost Exelon, AEP, Dominion $1M Each Powhatan Energy Fund’s trading to capitalize on line-loss rebates cost more than 20 market participants at least $100,000 each, according to a PJM analysis, with Exelon, American Electric Power and Dominion Resources each losing more than $1 million. Read full article at RTO Insider
PSE&G FILES COMPLAINT WITH FEDERAL AGENCY AGAINST POWER-GRID OPERATOR Utility’s beef: PJM is not following own rules deciding who gets to build 18-mile transmission line PSE&G Hope Creek Public Service Electric & Gas is asking a powerful federal agency to order the operator of the nation’s largest power grid to follow its own rules in … Continue reading PSE&G FILES COMPLAINT WITH FEDERAL AGENCY AGAINST POWER-GRID OPERATOR
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