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ISO-NE on Tuesday advanced the idea of excluding competitive new resources from functioning as demand in a proposed “substitution” capacity auction, which is designed to enable generators with retirement bids that cleared in a primary Forward Capacity Auction to transfer their obligations to subsidized resources that did not clear because...

By Amanda Durish Cook CARMEL, Ind. — Market participants remain skeptical of a MISO plan to integrate external resource zones into its annual capacity auction, employing single clearing prices for each balancing authority, even as the RTO is introducing changes and speaking one-on-one with stakeholders about the proposal. | MISO...

By Amanda Durish Cook MISO’s Advisory Committee sectors voted against a proposal to allow stakeholders to annually elect leaders of the RTO’s Steering Committee through an independent nomination and voting process. The outcome of the email ballot will keep intact MISO’s eight-year-old practice of automatically appointing the chair and vice...

RENSSELAER, N.Y. — NYISO’s Business Issues Committee on Wednesday approved steps intended to improve the efficiency of the interconnection queue process while maintaining needed reliability evaluations. The committee voted to recommend that the Management Committee approve the changes at its next meeting on Aug. 30. NYISO foresees filing associated Tariff...

By Michael Kuser NEW YORK — Energy storage developers and utilities in New York are working with NYISO to establish dual participation of storage in retail and wholesale markets. Symko-Davies | © RTO Insider The goal is to boost storage growth “to get to the gigawatt level, where just five...

By Rory D. Sweeney VALLEY FORGE, Pa. — And then there were nine. Weeks after stakeholders introduced six proposals for redesigning PJM’s capacity construct, another three have materialized. Many of the nine are variations on a two-stage auction repricing structure, while others envision vastly different procedures. All nine were presented...

By Rich Heidorn Jr. Berkshire Hathaway Energy reported a $38 million increase in earnings for the second quarter over a year earlier, largely because of improved performance of BHE Renewables. The renewable unit saw net income increase $39 million due primarily to higher generation at the Solar Star projects, which...

By Jason Fordney FOLSOM, Calif. — CAISO is refining market rule changes to more accurately reflect suppliers’ costs of producing and dispatching electricity while also increasing their bidding flexibility. Stakeholders attending an Aug. 3 workshop learned more about recent proposed changes to bidding rules in the ISO’s Commitment Cost and...

By Tom Kleckner AUSTIN, Texas — ERCOT’s energy-only market may not be broken, but stakeholders will discuss some fine-tuning at a Public Utility Commission workshop this week. Market participants have complained about ERCOT’s use of reliability unit commitments, reliability-must-run contracts and other out-of-market actions. The Independent Market Monitor’s most recent...

By Rich Heidorn Jr. Exelon officials said Wednesday they will press PJM to enact rule changes boosting off-peak prices and are confident nuclear subsidies in New York and Illinois will survive court challenges. The comments came as Exelon reported second-quarter earnings of $80 million ($0.09/share), a drop from $267 million...