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By Rich Heidorn Jr. A proposal to impose a temporary $0.07/MWh uplift charge on all netted virtual transactions received a cool response from PJM members Thursday — including a rebuff from the attorney for the Financial Marketers Coalition. Noha Sidhom of Inertia Power proposed the charge as an interim response...

By Chris O’Malley Illinois Attorney General Lisa Madigan MISO told Illinois officials last week that the nine-fold price increase the state experienced in this month’s capacity auction was the result of market dynamics and not any improper conduct. “The Independent Market Monitor reviewed the offers and determined that the final...

By Rich Heidorn Jr. The Federal Energy Regulatory Commission Friday granted PJM’s request to delay May’s Base Residual Auction, allowing the RTO more time to seek FERC approval for its Capacity Performance proposal. “PJM’s request for waiver will allow the commission to consider the additional information submitted by PJM in...

By Suzanne Herel PJM’s request to delay May’s Base Residual Auction has drawn more than two dozen comments — mostly from supportive stakeholders, but also from critics who say a postponement would create more market uncertainty than it is seeking to quell. (Click to zoom.) The RTO asked the Federal...

By William Opalka The Federal Energy Regulatory Commission on Thursday clarified unresolved issues from a previous order on the installed capacity market in New York that have been pending for nearly three years (EL11-42). In it, FERC accepted NYISO’s filings in response to the June 22, 2012, order, which directed...

By Chris O’Malley MISO completed its third annual Planning Resource Auction on Tuesday, with prices falling in most zones, while the Illinois zone saw a large jump that will boost revenues for Dynegy’s coal fleet and Exelon’s Clinton nuclear plant. With 136,359 MW committed, MISO said it has adequate capacity...

By William Opalka ISO-NE has proposed two new capacity zones for Forward Capacity Auction 10 next year (ER15-1462). The petition filed with the Federal Energy Regulatory Commission on April 6 reflects where the RTO expects transmission constraints to be most severe in the 2019-2020 delivery year. ISO-NE requested that FERC...

By William Opalka A federal appeals court has rejected challenges to the Lower Hudson Valley Capacity Zone in New York (14-1786). Utility companies and the New York Public Service Commission had appealed an August 2013 order by the Federal Energy Regulatory Commission creating the zone, saying it would lead to...

By Ted Caddell Attorneys for hedge fund twins Rich and Kevin Gates and their associate Houlian “Alan” Chen asked the Federal Energy Regulatory Commission on Tuesday for more time to respond to market manipulation allegations that could carry fines totaling nearly $30 million. The reason? They argue that FERC’s Office...

By Rich Heidorn Jr. Market Monitors Joe Bowring (PJM, left) and David Patton (MISO, ISO-NE and NYISO). WASHINGTON — The RTO stakeholder process came under fire last week as financial traders said it was being used to quash competition and a leading economist blamed it for slowing market reforms. The...