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How much is too much? That’s what PJM officials want to know following May’s base capacity auction, in which an unprecedented volume of external resources cleared. (Source: Monitoring Analytics LLC) In the previous four base capacity auctions, cleared imports grew from about 3,000 MW to more than 4,500 MW. In...
An overworked transformer and the mobilization of demand response were the focus last week as members and PJM staff continued to discuss the mid-July heat wave. PJM officials gave lengthy briefings to the Operating and Market Implementation committees, explaining their decisions to relieve an overload on the AEP transformer in...
The Operating and Market Implementation committees heard first reading last week on proposed manual changes governing PJM’s acquisition and deployment of black start resources. The revisions conform to proposed Tariff changes developed by the System Restoration Strategy Task Force to increase the pool of potential resources. PJM expects to lose...
By Rich Heidorn Jr. In a split decision for financial traders, an appellate court Monday sent a dispute regarding PJM’s overcollection of line-loss revenues back to the Federal Energy Regulatory Commission. The U.S. Court of Appeals for the D.C. Circuit upheld (Case No. 08-1386) FERC’s decision denying financial traders a...
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,...
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