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December 4, 2024

Markets

© RTO Insider LLC 
Power Market Costs Behind Rate Increases, PGE Says
Portland General Electric’s rate hikes largely stem from increased wholesale power market costs, the utility wrote after Sen. Ron Wyden voiced concern that Oregon customers are struggling to pay their electricity bills.
PSEG
Stakeholders Skeptical of NYISO Performance Penalty Proposal
NYISO stakeholders expressed skepticism of an ISO proposal to levy financial penalties against underperforming generators, saying it was not developed enough to be voted upon by the end of the year. 
MISO
MISO Records Comparatively Smaller Peak in October Operations
MISO experienced an October peak load of 84 GW, which was lower than its 99-GW peak during the same period in 2023.
J. Ranck Electric
Environmental Nonprofits Argue MISO’s New Capacity Accreditation Missing Key Detail
Four environmental nonprofits insist MISO’s recently approved capacity accreditation is incomplete unless the RTO details how it will conduct its loss of load modeling the new approach relies upon.
Pennsylvania PUC
Pennsylvania PUC Examines PJM’s Tightening Reserve Margin
Pennsylvania regulators hosted several panels to discuss PJM's tightening reserve margins and how the PUC should respond to the situation, which at least promises more high prices in the near future before new supplies can come online.
© RTO Insider LLC 
BANC Signs Agreement to Join EDAM
The Balancing Authority of Northern California became the third entity to formally join CAISO’s Extended Day-Ahead Market, following PacifiCorp and Portland General Electric.
Salt River Project
4 Arizona Utilities Commit to Joining Markets+
The joint announcement by APS, SRP, TEP and UniSource Energy marks a significant win for SPP after a string of victories for CAISO’s competing Extended Day-Ahead Market.
© RTO Insider LLC
PJM Stakeholders Wary of Expedited Interconnection Proposal
Stakeholder opinions were sharply divided at the PJM Members Committee’s meeting regarding RTO proposals to allow high capacity factor resources to be sped through the interconnection queue and revise aspects of the capacity market. 
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PJM MRC/MC Briefs: Nov. 21, 2024
The PJM Markets and Reliability Committee voted to endorse a proposal to create an expedited process to study some interconnection requests.
Oklahoma Municipal Power Authority
FERC Rules Against SPP Multiday Commitment Proposal
FERC rejected SPP’s proposed tariff revisions to implement a multiday economic commitment process, agreeing with the MMU that it introduces a potential gaming opportunity.

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