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Unexpected imports from New York — not the mobilization of demand response — caused power prices to crash July 18 after spiking to $465/MWh amid the hottest day of the summer, PJM officials told members Thursday. LMP prices jumped from nearly $300 for the hour ending 1 p.m to $465...
The Markets and Reliability Committee approved the following manual changes Thursday. Manual 1: Control Center and Data Exchange Requirements Reason for change: New rules for access to PJM Energy Management System (EMS). Impacts: Added new section 2.5.7 detailing rules for transmission owner read-only access to PJM’s EMS. No screen scraping...
Former Homeland Security Secretary and Pennsylvania Gov. Tom Ridge will be the keynote speaker at PJM’s Grid 20/20 forum Nov. 11 and 12 in Philadelphia. The forum, which will take place at the Sheraton Society Hill, will focus on the electric power grid’s ability to withstand extreme weather challenges and...
Responding to marketers’ requests, PJM has begun posting temporary ratings changes from all transmission owners on its OASIS System Information page. PJM spokeswoman Paula DuPont-Kidd said the RTO began posting the information in response to frequent requests from members. PJM decided to make the information publically available because releasing it...
FirstEnergy Corp. announced July 9 it will close two coal-fired generators with 2,080 MW of capacity by October 9 because it would be too expensive to retrofit them to meet federal environmental rules. Hatfield's Ferry Power Plant (Source: FirstEnergy) FirstEnergy spokesman Jennifer Young said the decision to close Hatfield's Ferry,...
The Federal Energy Regulatory Commission (FERC) approved the merger of Entergy Corp’s transmission system with ITC Holdings Corp. and its move into the Midcontinent Independent System Operator (MISO). Entergy’s transmission assets in Louisiana, Mississippi, Arkansas and Texas will be transferred to ITC Holdings, which operates transmission in Michigan, Iowa, Illinois,...
Susan Bruce, an attorney who represents industrial energy users, won approval for a problem statement that could result in requirements that transmission owners make tariff filings disclosing their calculation of total hourly energy obligations, peak load contributions, and network service peak loads. The calculations are used to allocate energy, capacity,...
By Rich Heidorn Jr. PJM and MISO have a communication problem. “We talk past each other,” David Patton, MISO’s independent market monitor, told the Federal Energy Regulatory Commission June 20. The topic was the way PJM models cross border transmission deliverability, which MISO says is unfairly limiting its generation from...
MISO and its supporters say the decisions by FirstEnergy and Duke Energy Ohio to leave MISO for PJM are proof that deliverability issues across the RTOs’ borders are due to PJM’s modeling rather than any physical constraints. But others — including FirstEnergy and Duke — say they are incorrect. When...
By Rich Heidorn Jr. WASHINGTON — The Federal Energy Regulatory Commission signaled today that it will increase its scrutiny of the PJM-MISO Joint Common Market process amid complaints that PJM is improperly limiting MISO generation from full participation in its capacity market. FERC commissioners indicated their concern in comments following...