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May 24, 2024

Capacity Market

MISO
MISO Braces for Hot Summer, Potential 130-GW Peak
MISO expects a hot summer and should be able to survive load peaks into the 120-GW range, but the system could be on the brink if a scorching day produces demand near 130 GW.
© RTO Insider LLC
OMS RA Summit: Scarcity to Persist, Load Growth Debatable
There’s no going back on waning capacity in MISO, panelists agreed at a gathering of state regulators, though predictions of escalating load growth have some skeptical.
© RTO Insider LLC
PJM Members Committee Briefs: May 6, 2024
The Members Committee voted to re-elect three members of the PJM Board of Managers, even though several advocates voted against the re-elections to express their frustration.
PJM
Following Court Ruling, FERC Reluctantly Reverses PJM Post-BRA Change
FERC partially reversed a 2023 order allowing PJM to modify a parameter for the 2024/25 Base Residual Auction to avoid a substantial increase in capacity prices in the DPL South transmission zone.
JERA
ISO-NE: RCA Changes to Increase Capacity Market Revenues by 11%
ISO-NE’s proposed resource capacity accreditation updates would result in an estimated 11% increase in capacity market revenues, the RTO told the NEPOOL Markets Committee.
Western Powerpool
WRAP ‘Binding’ Phase Delay Finds Stakeholder Support

Members of a key WRAP stakeholder group have expressed support for the recent move by participants to delay the program’s “binding” penalty phase by one year, to summer 2027.

Ameren
Ameren: MISO Missouri Capacity Shortfall Likely Inconsequential
Ameren executives have reassured shareholders that Missouri’s capacity shortfall beginning this summer is no cause for panic.
Shutterstock
FERC Approves NYISO Request to Lower NYC Capacity Requirement
FERC granted NYISO’s waiver request to update its installed capacity requirement for New York City in the 2024/25 capability year, which began May 1. 
© RTO Insider LLC
PJM MIC Briefs: May 1, 2024
The PJM Market Implementation Committee endorsed by acclamation a rewrite of Manual 18 to implement market redesigns drafted through the critical issue fast path process.
Dominion Energy
OSW, Data Centers Loom Large in Dominion’s Outlook
Dominion expects to start installing monopiles for the Coastal Virginia Offshore Wind project between May 6 and 8, CEO Robert Blue told analysts during the company’s first-quarter earnings call.

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