This Week's Featured Stories

Company Earnings
Duke Reaches $102M Settlement over Ash Spill; Q4 Earnings Down
Duke Energy said Friday that it had reached a $102.2 million settlement with the federal government to end the investigation into the Dan River ash spill and the company’s ash basin operations at other North Carolina plants.
PSEG Q4 Profits More than Double over 2013
Public Service Enterprise Group reported fourth-quarter net income of $476 million ($0.94/share), more than double the $200 million ($0.39/share) for the same quarter in 2013.
FirstEnergy Exec Alexander Retiring as Company Posts Q4 Loss
Former FirstEnergy CEO Anthony Alexander announced last week that he will retire just before the company released its year-end earnings report.
NiSource Profits Nudge up in Fourth Quarter
Fourth-quarter earnings of Northern Indiana Public Service Co. parent NiSource rose to $154.2 million ($0.49/share), up nearly 2% from $151.8 million ($0.48/share) a year ago.
US Business Softens Iberdrola Slump
Earnings from U.S. operations were a bright spot for Spanish utility conglomerate Iberdrola SA, as the company coped with the effects of slashed government subsidies for renewable energy in its home country.
ConEd Operations Best Q4 Estimate; Earnings Down for the Year
Consolidated Edison reported lower fourth-quarter earnings for 2014, but its $0.58/share showing for ongoing operations beat analysts’ consensus by 2 cents.
PJM News
PJM MRC Preview
Our summary of the issues scheduled for votes at the PJM MRC on 2/26/15. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage.
PJM Defends Capacity Performance Proposal; Drops Change for LSEs
PJM rejected most of the criticism of its Capacity Performance proposal, but dropped its proposed change in the method for determining the capacity obligations of load-serving entities.
Exelon Sweetens the Deal for DC in Pepco Takeover
In a bid to win D.C.’s approval of its takeover of Pepco Holdings Inc., Exelon last week more than doubled the amount of customer credits it is offering to $33.75 million from $14 million.
PJM Wins on 2,000 MW Capacity Waiver; Purchase Plan Rejected
FERC approved PJM’s request to retain 2,000 MW of capacity in yesterday’s third Incremental Auction for 2015/16 but rejected its request to purchase capacity outside of the RPM.
PJM Wins OK on Multi-Driver Tx Projects
PJM and its Transmission Owners won federal regulators’ conditional approval for their plan to integrate multi-driver projects into the RTEP.
FERC Orders MISO to Use SPP Cost Allocation Method in Reliability Projects
MISO will have to adopt neighbor SPP’s cost allocation method for interregional transmission facilities addressing reliability needs, and both RTOs must revise their proposal for public policy projects, the Federal Energy Regulatory Commission said Thursday.
FERC Approves SPP Mitigated Offer Changes
The Federal Energy Regulatory Commission last week approved changes to SPP’s Tariff that clarify the circumstances under which market participants are able to modify their mitigated offers during the operating day.
FERC Upends MISO’s SSR Cost Allocation Practice
FERC denied MISO’s request for a rehearing of the commission’s July order that said the RTO could no longer allocate broadly within the American Transmission Co. pricing zone the costs of keeping open three power plants in Michigan’s Upper Peninsula.
Ex-Minnesota Commissioner Joins MISO
Former Minnesota Public Utilities Commission Chairman David C. Boyd has joined MISO as vice president of government and regulatory affairs.
ISO-NE: Reverse Market-Solution Order
ISO-NE asked the Federal Energy Regulatory Commission last week to reverse its order directing a market-based solution for the next winter reliability program.
LaFleur Rejects Further Review of 2014 ISO-NE Capacity Auction
The Federal Energy Regulatory Commission once again dashed the hopes of the New England congressional delegation seeking to challenge the results of last year’s capacity auction.
FERC Orders NYISO to Standardize RMR Terms in Tariff
NYISO must amend its Tariff to establish uniform rules for identifying and compensating reliability-must-run (RMR) generators, the Federal Energy Regulatory Commission ruled Thursday.
FERC & Federal News
New NERC Enforcement Methods Allow Self-Logging Minor Risk Issues
FERC last week approved NERC's new risk-based approach to reliability compliance monitoring and enforcement, saying it will allow regulators to focus resources on the most serious issues.
FERC to OK 3rd Party Sales of Frequency Response
Generators would be permitted to sell frequency response services at market-based rates under a rule proposed by the Federal Energy Regulatory Commission last week.
Company Briefs
News briefs on companies doing business with RTOs. This week we include Ameren, NextEra, Xcel, Calpine, Exelon, PPL, NRG, PSEG, Dynegy and AEP.
Federal Briefs
News briefs on the federal agencies that impact those doing business in the RTO footprints. This week we include the Energy Department, the NRC and BOEM.
State Briefs
News briefs from the states within the footprint of RTOs. This week we include Delaware, Illinois, Indiana, Iowa, Maryland, Massachusetts, Mississippi, Missouri, Nebraska, New York, North Carolina, North Dakota, Ohio, Pennsylvania, Vermont, West Virginia and Wisconsin, as well as the Canadian province of Manitoba.

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