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By Rich Heidorn Jr. ST. PAUL, Minn. — MISO officials last week outlined proposals to boost its capacity resources, winning some support for efforts to streamline the generator interconnection process and redraw its zonal boundaries to reflect constraints. But its proposal to switch from annual to seasonal procurement ran into...

By Suzanne Herel and Rich Heidorn Jr. Capacity Performance resources cleared at $134/MW-day in the transition auction for the 2016/17 delivery year, PJM announced Monday. PJM held the auction Aug. 26-27 to obtain CP resources for 60% of the updated reliability requirement for 2016/17, procuring its target of 95,097 MW.

By Michael Brooks FERC on Tuesday rejected complaints from NextEra Energy and Direct Energy seeking to change the way PJM conducts its incremental capacity auctions to transition to its new Capacity Performance product (EL15-88). The commission found that the companies failed to show how PJM’s clearing methodology for the auctions...

By Tom Kleckner FERC last week denied the SPP Market Monitoring Unit’s request for rehearing of a December 2014 order that rejected the Monitor’s use of a market-impact test to track physical withholding. The commission found the test to be “overly limiting” and said the Monitor failed to demonstrate FERC...

By Rich Heidorn Jr. and Suzanne Herel PJM generators will earn $10.9 billion from this year’s capacity auction — a 45% jump from last year — in the first test of the RTO’s new Capacity Performance requirements. But some merchant generators smarting from low gas prices and competition from wind...

By Rich Heidorn Jr. and Suzanne Herel PJM’s first auction under its new Capacity Performance rules saw prices rise 37% to $164.77/MW-day in most of the RTO, while the ComEd zone broke out at $215 and Eastern MAAC hit $225.42. The Base Residual Auction procured 166,837 MW of capacity for...

By Rich Heidorn Jr. PJM energy market prices were down almost 40% in the first half of 2015 compared with 2014, while capacity and transmission service charges rose by double digits, the Independent Market Monitor reported last week. The load-weighted average real-time LMP, which hit $69.92/MWh in the first six...

By Rich Heidorn Jr. PJM’s biggest news story of the year may well come Friday with the release of the results from last week’s capacity market auction. The 2018/19 Base Residual Auction – the results of which are due Friday afternoon — will be the first under the new Capacity...

By William Opalka ISO-NE and the New England Power Pool Participants Committee want to begin using the RTO’s system-wide sloped demand curve in their Annual Reconfiguration Auctions. The organizations submitted proposed Tariff changes to FERC that would apply the curve — first used in the ninth Forward Capacity Auction earlier...

VALLEY FORGE, Pa. — The Market Implementation Committee last week approved rule changes that will help the Illinois Municipal Electric Agency to meet its capacity requirements with historic resources. IMEA is among the load-serving entities that procured capacity resources outside of their locational deliverability areas to serve a portion of...