Articles Tagged with ''Joe Bowring''

By Chris O’Malley The Federal Energy Regulatory Commission last week increased its pressure on PJM and MISO to resolve their longstanding boundary disputes, saying it was considering taking action “to improve the efficiency of operations” at the RTOs’ seam. Despite 12 years of joint meetings that have resolved some issues,...

By Suzanne Herel Boston When Terry Boston took the helm of PJM seven years ago, the RTO was in turmoil, its reputation as the model for running competitive deregulated electricity markets in the balance. Top management was battling allegations by PJM’s electricity price watchdog that the system was allowing generators...

By Ted Caddell Attorneys for hedge fund twins Rich and Kevin Gates and their associate Houlian “Alan” Chen asked the Federal Energy Regulatory Commission on Tuesday for more time to respond to market manipulation allegations that could carry fines totaling nearly $30 million. The reason? They argue that FERC’s Office...

By Chris O’Malley and Michael Brooks Interface Pricing Flaw: Today, the full effect of transactions on the MISO M2M constraint is modeled by both RTOs.(Source: Potomac Economics) WASHINGTON — MISO’s Independent Market Monitor urged the Federal Energy Regulatory Commission last week to resolve a standoff between MISO and PJM over...

By Rich Heidorn Jr. Market Monitors Joe Bowring (PJM, left) and David Patton (MISO, ISO-NE and NYISO). WASHINGTON — The RTO stakeholder process came under fire last week as financial traders said it was being used to quash competition and a leading economist blamed it for slowing market reforms. The...

By Suzanne Herel PJM’s request to raise the cost-based energy cap to $1,800/MWh through March (EL15-31) drew a flurry of comments and protests in the days before the Christmas holidays. Load representatives generally opposed the proposal, warning it could result in windfalls to generators at ratepayers’ expense. Suppliers told FERC...

By Ted Caddell  Maryland People's Counsel Paula Carmody After breezing through regulatory approvals by Virginia and the Federal Energy Regulatory Commission, Exelon’s $6.8 billion acquisition of Pepco Holdings Inc. (PHI) is starting to run into some headwinds. Citing doubts about Exelon’s claimed economic benefits, the staff of the Maryland Public...

By Rich Heidorn Jr. PJM Market Monitor Joe Bowring said last week that the RTO should exclude supply-side stakeholders from participating in the drafting of cost development guidelines that determine generator compensation. Bowring, speaking at PJM’s annual Market Monitoring Unit Advisory Committee meeting Friday, said he is contemplating a filing...

While many stakeholders still have misgivings about it, PJM’s Oct. 7 revisions to its Capacity Performance proposal appear to have won over Independent Market Monitor Joe Bowring. Bowring said last week that PJM’s revisions have addressed his most significant concerns and that he now supports it. “I think what PJM’s...