By Jason Fordney FERC last week approved NYISO’s tariff revisions to implement a new reliability-must-run program but directed the ISO to make another filing with certain revisions to the initiative (ER16-120, EL15-37). NYISO submitted a compliance filing Sept. 20 to implement revisions to its RMR proposal, including adding a 365-day...

By Rich Heidorn Jr. FERC on Thursday approved NYISO Tariff revisions ordering downstate residents to pay 90% of the cost of AC transmission projects stemming from public policy needs (ER17-1310-001). The projects, which include the estimated $1 billion Edic-Pleasant Valley 345-kV line and the $246 million Oakdale-Fraser 345-kV line, are...

RENSSELAER, N.Y. — NYISO year-to-date monthly energy prices averaged $34.89/MWh in October, a 4% increase from a year earlier, Senior Vice President for Market Structures Rana Mukerji told the ISO’s Business Issues Committee (BIC) on Wednesday. Locational-based marginal prices (LBMPs) averaged $28.35/MWh for the month, down 4.1% from September and...

Consolidated Edison’s third-quarter earnings fell 8% to $457 million ($1.48/share), a drop the company attributed to changes in its rate plan and regulatory charges, as well as the impact of weather on steam revenues. The new rate plan includes changes in the timing of recognition of annual revenues between...

By Michael Kuser A cool summer and the impact of Hurricane Harvey drove NRG Energy third-quarter earnings sharply lower, but the company still sees bright days ahead, according to CEO Mauricio Gutierrez. NRG earned $171 million ($0.53/share) last quarter, compared with $402 million ($1.27/share) in the same period last year.

By Michael Kuser FERC last week denied NRG Energy’s request for rehearing of a January order concerning NYISO Tariff revisions intended to correct a pricing inefficiency in the ISO’s capacity market (ER17-446-003). NYISO proposed the revisions last November to address situations in which a generator exports power out of an...

FERC last week denied Public Citizen’s request for rehearing on Entergy’s sale of the James A. FitzPatrick nuclear plant in New York to Exelon. The commission dismissed as “irrelevant” the group’s concerns about the impact of the state’s zero-emissions credits (ZECs) on either Exelon’s market power or the broader NYISO...

The Department of Energy’s proposal to provide “full recovery” of coal and nuclear plant costs in RTOs with capacity and energy markets was short on details, notably providing no estimate of the cost of such policies. But PJM’s Independent Market Monitor and several other stakeholders have published estimates ranging from...

By Michael Kuser ALBANY, N.Y. — Stakeholders told New York and NYISO officials Friday they are concerned about the transparency and aim of the process being laid out to integrate carbon pricing into the wholesale electric market. Weiner | © RTO Insider The ISO and the New York Department of...

By Joel Yu For more than a year, Con Edison, NYISO and its stakeholders, including generation and transmission owners, customers and environmental groups, have been hard at work developing reforms that will streamline the interconnection process for new energy resources in New York. Given the state’s Clean Energy Standard, which...