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June 17, 2024

Markets

OCCTO
Stakeholder Soapbox: A New Twist on Capacity Markets in Japan
Recent developments in Japan have revealed that its market differs in significant ways from those in the U.S. — including from the very PJM capacity market on which it modeled its own.
Xcel Energy
Texas Supreme Court Rules for ERCOT, PUC During Uri
The Texas Supreme Court ruled ERCOT and the Public Utility Commission were within the law when they raised wholesale prices to more than 300 times above normal during Winter Storm Uri.
Idaho Power
FERC Approves EDAM Tx Revenue Recovery Plan
FERC approved CAISO tariff revisions that will allow transmission owners to recover transmission revenue shortfalls attributed to transitioning their assets into the Extended Day-Ahead Market.
NYISO
NYISO Board/MC Briefs: June 11, 2024
Emily Chen, an analyst with FERC’s Office of Energy Market Regulation, gave a briefing on Orders 1920 and 1977 to members of the NYISO Management Committee during a joint meeting with the ISO’s Board of Directors. 
ISO-NE
NE Generators Propose Financial Assurance Changes
NEPGA and CPV offered amendments to ISO-NE’s proposed changes to the financial assurance provisions for the Forward Capacity Market.
© RTO Insider LLC
PJM MIC Briefs: June 5, 2024
PJM’s Market Implementation Committee endorsed by acclamation a proposal to add two energy market parameters for economic demand response.
© RTO Insider LLC
PJM OC Briefs: June 6, 2024

PJM presented its Operating Committee with a set of revisions to Manual 12 regarding fuel assurance requirements for black start resources.

SPP
SPP Files to Incorporate Western Entities into RTO
SPP filed bylaw amendments at FERC to place seven Western entities under its tariff that, if approved, will make the RTO the first grid operator with markets in both major interconnections.
Dynegy
FERC Sets Dynegy’s MISO Market Manipulation Case for Hearing
Nearly a decade after the MISO capacity auction in which Dynegy was found to have manipulated clearing prices, FERC has directed hearing and settlement procedures in the case.
Western Power Pool
FERC Allows Berkshire Utilities to Earn Market-based Rates in WRAP
FERC approved tariff revisions by Berkshire Hathaway Energy subsidiaries PacifiCorp, Nevada Power and Sierra Pacific Power that will enable the utilities to earn market-based rates when participating in the WRAP.

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