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By Suzanne Herel and Rich Heidorn Jr. PJM must develop a new method for allocating auction revenue rights that doesn’t consider extinct generators, FERC ruled last week. The commission said PJM had correctly diagnosed that its existing rules for ARRs and financial transmission rights were no longer just and reasonable...

By Ted Caddell American Electric Power has agreed to shed more than 5,000 MW of merchant generation in Ohio and Indiana to private investment firms The Blackstone Group and ArcLight Capital Partners for about $2.17 billion, the company announced Wednesday. The Wall Street Journal first reported the deal Tuesday, citing...

PHILADELPHIA — More than 100 generators, consultants, RTO officials and utility executives attended Infocast’s PJM Market Summit 2016. Here’s some of what we heard: Don’t understand what the big deal with the capacity market is? Jeff Plewes of Charles River Associates offered a metaphor most people are likely to understand:...

By Amanda Durish Cook American Electric Power has nearly completed the bidding process to sell more than 5,000 MW of merchant generation in Ohio and Indiana. AEP spokesperson Tammy Ridout said the company would make a decision before the end of the year about the future of the plants: the...

By William Opalka and Rory Sweeney The Regional Greenhouse Gas Initiative reported another lackluster carbon allowance auction last week, bolstering calls by Massachusetts and others for more aggressive cuts in the compact’s emission caps. But as the program conducts its triennial review of how it should operate in 2020 and...

By Rory D. Sweeney In a move that elated New Jersey’s ratepayer advocates, FirstEnergy announced Thursday it is withdrawing its request for state public utility designation for its all-transmission spin-off. FE said it made the decision because it was unlikely to win approval in time to meet the its Jan.

By Rory D. Sweeney The Clean Power Plan poses no threat to PJM’s reliability, but compliance costs are highly sensitive to gas prices and whether states go it alone or combine efforts with a regional approach, according to a study released by the RTO last week. If gas prices remain...

By Rich Heidorn Jr. PJM’s Independent Market Monitor last week gave his blessing to the RTO’s Base Residual Auction for delivery year 2019/20 but called for additional rule changes to build on the tougher standards of Capacity Performance. The Monitor’s report on the May auction concluded that the results “were...

By Rory D. Sweeney and Rich Heidorn Jr. WILMINGTON, Del. — A stakeholder group calling for a comprehensive review of PJM’s capacity market won support from consumer advocates and state regulators last week, but industrial consumers and generators were cool to the idea. The one point no one disputed at...

WILMINGTON, Del. — PJM officials have gained support for a new method of releasing excess capacity, but told the Markets and Reliability Committee on Thursday they were not sure the plan is ripe for a stakeholder vote. The RTO procured 10,017 MW of new capacity commitments in the Capacity Performance...