By Michael Brooks and Michael Kuser WASHINGTON — FERC on Thursday narrowed the resources exempt from NYISO’s buyer-side market power mitigation (BSM) rules in southeastern New York, ordering the ISO to subject storage and demand response to a minimum offer floor in its capacity market. In doing so, the commission...

By Rich Heidorn Jr. PJM began to sketch out how it will respond to FERC’s order expanding the minimum offer price rule (MOPR) Wednesday, suggesting that it may compress the schedule for the delayed 2022/23 Base Residual Auction and subsequent auctions. At a special meeting Wednesday morning of the Market...

By Christen Smith Dominion Energy executives told investors Tuesday that PJM’s expanded minimum offer price rule (MOPR) poses no near-term threat to its 2,600-MW offshore wind farm planned for 2026. CFO Jim Chapman said Dominion’s balanced portfolio in Virginia will shield the company from any financial impact, but that electing...

By Rich Heidorn Jr. and Michael Brooks WASHINGTON — A top PJM official sought Monday to quell talk of an exodus from the RTO in response to FERC’s controversial order expanding the minimum offer price rule (MOPR), telling state regulators they shouldn’t lose sight of the RTO’s overall "value proposition."...

VALLEY FORGE, Pa. — Exelon succeeded Wednesday in its attempt to defer a vote on a quick fix to the synchronous reserve operations and maintenance cost adder in PJM Manual 15. Some 77% of the Market Implementation Committee agreed with the transmission owner’s motion to delay voting on the Independent...

By Michael Brooks WASHINGTON — FERC Commissioner Richard Glick told state energy officials that he thinks the commission needs to holistically revisit the concept of mandatory capacity markets or risk putting "in peril the future of RTOs in general." Speaking at the National Association of State Energy Officials’ Energy Policy...

By Christen Smith VALLEY FORGE, Pa. — Exelon said Wednesday that a report from the PJM Independent Market Monitor uses faulty assumptions and anti-subsidy rhetoric to exert undue policy influence and cast a negative light on the fixed resource requirement (FRR) alternative some members may pursue in the face of...

By Christen Smith and Rich Heidorn Jr. Has FERC made its case that cooperatives, municipal utilities and vertically integrated utilities in PJM receive state subsidies and are using them to suppress capacity prices? Those are questions a federal appeals court will have to answer, assuming FERC declines requests to rehear...

By Christen Smith and Rich Heidorn Jr. Old Dominion Electric Cooperative, which supplies power to 1.4 million people in Virginia, Maryland and Delaware, has been generating its own power since 1983, when it bought a share of Virginia Electric and Power Co.’s North Anna Nuclear Power Station. It would add...

By Michael Kuser NEW BRITAIN, Conn. — State regulators on Wednesday hosted a spirited public hearing to examine whether ISO-NE’s wholesale electricity markets are geared to serving the state’s clean energy objectives. "Despite the ISO’s best efforts ... the markets seem to have been unable to attract and retain the...