August 31, 2014
PJM Board to Decide Capacity Rules
PJM Pitches New Capacity Product
PJM met with stakeholders Friday to discuss its plan for a new “Capacity Performance” product to improve reliability on peak demand days. -more-
Deadlock on Capacity Parameters
PJM members deadlocked last week on changes to capacity market parameters with none of five proposals winning a supermajority. -more-
Dynegy Back in the Game
Duke, ECP Deals Boost PJM Rank
Dynegy announced Friday it will nearly double its capacity with the purchase of about 12,400 MW of generation from Duke Energy and private equity firm Energy Capital Partners. -more-
Becomes ISO-NE Player Overnight
Dynegy’s purchase of Energy Capital Partners’ New England power plants will immediately make it a major participant in a market where it has been a bit player.  -more-
FERC: PJM Uplift Ranks High Among RTOs, ISOs
PJM has consistently had among the highest uplift rates among RTOs and ISOs, according to a Federal Energy Regulatory Commission report released last week. -more-
PJM Members Split over MRC/MC Meeting Site
Though a bridge to Wilmington has finally reopened, some PJM members want to continue holding MRC and MC meetings at the RTO's Conference and Training Center in Valley Forge, where the meetings have been held for the past two months. -more-
Split Panel Recommends Lifting $1,000 Offer Cap
A PJM task force has recommended lifting the $1,000 cap on cost-based energy offers, but the margin suggests the proposal may have a tough time winning final stakeholder approval. -more-
Monitor: Resist Subsidies, Don’t Retreat from Markets
PJM's Market Monitor used his newest State of the Market report to repeat longstanding recommendations and warn stakeholders not to overreact to the winter’s extreme weather. -more-
PJM MRC/MC Briefs
A summary of measures approved by the PJM Markets and Reliability and Members Committees on Aug. 21, 2014. -more-
PJM Expense Rate Unchanged in 2015 Budget
PJM expects to spend $276 million in 2015, a 2% increase over 2014, according to a preliminary budget outlined to members last week. -more-
ATSI Black River Interface to Take Effect Sept. 1
PJM will create a pricing interface in the ATSI Black River area to capture in LMPs operator actions taken to relieve thermal or voltage problems resulting from high loads. -more-
Company Briefs
News briefs on companies in the PJM Interconnection this week, including FirstEnergy, Exelon and Intergrys. -more-
Federal Briefs
News briefs on the federal agencies that impact those doing business in PJM's footprint. This week, we highlight the Army, the Bureau of Ocean Energy Management, the EPA and the Energy Department. -more-
State Briefs
News briefs from the states within the PJM footprint. This week we include Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio and West Virginia. -more-
PJM: New Capacity Product Needed for Reliability

PJM yesterday proposed sweeping changes to the capacity market, including a new product, to address winter reliability concerns.

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FERC Order 1000 Upheld — UPDATE

A federal appellate court Friday rejected challenges to the Federal Energy Regulatory Commission’s landmark Order 1000, saying the commission had the authority to open transmission development to competition.

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PJM UTC Case Likely Headed to Court After FERC Notice
FERC staff issued a Notice of Alleged Violation last week against traders who exploited a loophole in PJM UTC trades in a case that will likely go to court. -more-
FirstEnergy Wants Regulated Companies to Subsidize Generation
FirstEnergy is asking consumers to prop up nuclear and coal generating plants the company says are at risk of closing due to low energy and capacity prices. -more-
Minimum Generation Event Exposes Flaws in Response
PJM has created a new emergency procedure and is testing a software fix following poor generator response to a minimum generation event July 5, officials told the Operating Committee last week. -more-
Norris Departure Opens Another FERC Seat
Just days after Norman Bay was sworn in as the Federal Energy Regulatory Commission’s fifth member, Democrat John Norris announced he will resign his position almost three years early, creating yet another opening on the panel. -more-
Order 1000 Window Draws 106 Proposals, 15 Companies
PJM received 106 proposals to fix about 50 reliability problems in the first Regional Transmission Expansion Plan window for 2014. -more-
PJM: Can’t Delay Interface Postings for FTR Auctions
PJM officials last week defended their practice of creating interfaces to capture operator actions in response to voltage problems, saying they can’t guarantee the constraints will be modeled in FTR auctions. -more-
CPV Md. Plant Goes Forward Despite FERC Ruling
Competitive Power Ventures plans to begin major construction next month on its 661-MW combined-cycle plant in Maryland despite an unfavorable ruling last week from the Federal Energy Regulatory Commission. -more-
PJM Backs Off on Regulation Market Fix
PJM dropped a proposal to consider changes to the regulation market after receiving a cool reaction from stakeholders and the Market Monitor. -more-
PJM MIC OKs Settlement, Credit Changes
The PJM MIC approved several changes recommended by subcommittees regarding data submission deadlines and credit requirements. -more-
Q2 Earnings Roundup
FirstEnergy, Duke Energy, NRG Energy, Dynegy and AES all announced second-quarter earnings last week. -more-

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