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By Rich Heidorn Jr. PJM's Independent Market Monitor told the Federal Energy Regulatory Commission last week that proposals by the RTO and a marketer to change the financial transmission rights (FTR) forfeiture rule would weaken protections against market manipulation. The Monitor leveled the criticism in comments filed last week in...

By William Opalka The New England Power Generators Association says ISO-NE should adhere to a planned change to a sloped demand curve in the next Forward Capacity Auction (ER14-1639). NEPGA has asked the Federal Energy Regulatory Commission to clarify a previous order that directed the RTO to continue the effort...

By Rich Heidorn Jr. WILMINGTON, Del. — PJM officials Thursday delayed a vote on manual changes for the Capacity Performance plan, sidestepping a potential confrontation with anxious stakeholders. The agenda for Thursday’s Markets and Reliability Committee said PJM would seek endorsement of the Manual 18 changes, which run for more...

By Suzanne Herel With just seven weeks until PJM conducts its first Base Residual Auction incorporating the newly approved Capacity Performance product, stakeholders gathered last week for a peek at the comprehensive changes Manual 18 must undergo before resources begin submitting offers. But there were more questions than clarity at...

By William Opalka The Federal Energy Regulatory Commission on Thursday accepted the results of ISO-NE’s ninth Forward Capacity Auction in February, turning aside the protest of a utility workers union (ER15-1137). The Utility Workers Union of America Local 464 had challenged the results, charging that the Brayton Point Power Station...

By Chris O’Malley and Rich Heidorn Jr. MILWAUKEE — MISO Independent Market Monitor David Patton on Wednesday called for tighter rules on wayward generators, more precise real-time pricing and a fix for Financial Transmission Rights funding shortfalls. He also engaged in a spirited debate with board members over his longstanding...

By Rich Heidorn Jr. MILWAUKEE — Dynegy CEO Robert Flexon last week defended his company’s bidding strategy in MISO’s April capacity auction and said the controversy over the results signals the need for a regulatory change in Illinois. Flexon © RTO Insider On May 28, Public Citizen Inc. and the...

MISO no longer faces a capacity shortfall next year, the RTO announced in releasing the results of its newest survey with the Organization of MISO States. MISO said its newest results show a minimum 1.7-GW surplus for 2016 as a result of reduced load forecasts and an increase in resources...

The Federal Energy Regulatory Commission required several significant changes in PJM’s Capacity Performance proposal. PJM must make the changes in a compliance filing due in 30 days. Below is a summary of the changes required, followed by the relevant paragraph numbers from the order. Review of Sell Offers: The commission...

The Federal Energy Regulatory Commission gave PJM virtually all it asked for in approving its Capacity Performance proposal. But Chairman Norman Bay's dissent may provide ammunition for a potential challenge in federal court. (Source: FERC) Bay predicted the proposal would not accomplish its stated goals, calling it “two carrots and...