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PJM Tracking Pa. Virtual Transactions Tax Daugherty | © RTO Insider WILMINGTON, Del. — The Pennsylvania State Senate approved a tax on virtual transactions, moving the measure to the state’s House of Representatives, PJM CFO Suzanne Daugherty told the Markets and Reliability Committee on Thursday. Senators passed the tax on...

AUSTIN, Texas — ERCOT stakeholders last week tabled a proposal to eliminate the reduction of congestion revenue rights (CRR) payments — “deration,” in the ERCOT vernacular — after the measure failed to pass the Technical Advisory Committee. The nodal protocol revision request (NPRR821) would reverse the deration-settlement mechanism, which was...

By Rich Heidorn Jr. Tony Clark’s term as FERC commissioner ended nine months ago, but he hasn’t stopped thinking about the issues that animated him during his four-year tenure. Clark | © RTO Insider Clark, a non-attorney who joined law firm Wilkinson Barker Knauer as senior adviser in January, had...

By Jason Fordney FOLSOM, Calif. — The CAISO Board of Governors last week greenlit new rules that allow the grid operator to constrain the operations of gas plants across the state and the Western Energy Imbalance Market (EIM), part of a package of initiatives drawn up in response to the...

By Amanda Durish Cook MISO’s system operated as intended in June, which saw the usual early summer increase in loads, lower-than-expected natural gas prices and near-normal temperatures. The RTO on June 13 hit a 111-GW peak for the month, 1 GW under the June 2016 peak, MISO Vice President of...

By Rich Heidorn Jr. WASHINGTON — RTO officials acknowledged Wednesday that they are challenged by low power prices and a shifting generation mix but insisted they are up to the task, asking Congress not to abandon its support of wholesale markets. Glazer | © RTO Insider “Although debate on various...

By Rory D. Sweeney PJM’s Independent Market Monitor last week filed a complaint with FERC requesting fast-track revocation of the RTO’s decision to exempt a generator from a rule meant to combat market manipulation. Bowring | © RTO Insider The complaint said PJM was “incorrect” in providing an unnamed generating...

By Michael Kuser Connecticut Gov. Dannel Malloy on Tuesday ordered state regulators to assess the economic viability of the Millstone nuclear power plant and determine whether the state should provide it financial support. Millstone supplies about half of Connecticut’s electricity. The Connecticut General Assembly in June failed to pass a...

By Rory D. Sweeney Environmentalists last week urged FERC to decide whether states can control participation of energy efficiency resources (EERs) in RTOs, while state officials said the commission should take no action. The group Advanced Energy Economy petitioned FERC on June 2 to issue a declaratory order ruling that...

NYISO reported Monday that locational-based marginal prices (LBMPs) for June averaged $31.76/MWh, nearly unchanged from May but up 16% from June 2016. Year-to-date monthly LBMPs averaged $36.01/MWh through June, a 20% increase from a year earlier. In a July 24 Market Operations Report to the ISO’s Business Issues Committee, Rana...