The ninth Forward Capacity Auction in ISO-NE saw prices increase by about one-third as 1,400 MW of new resources cleared to replace retiring coal plants.

FERC dismissed a challenge to the pricing rule for new generation in ISO-NE, which Exelon and Calpine had wanted tossed in advance of this week’s FCA.

The ICC and PJM's Market Monitor told FERC they oppose an IMEA request for a waiver from the rules for May’s Base Residual Auction.

ISO-NE opened FCA 9 amid expectations of high prices as the region deals with plant retirements and tight natural gas supplies.

FERC said it has more questions for NYISO before considering proposed revisions to its rules for retired and mothballed generators.

FERC denied a challenge to PJM’s capacity import limit, rejecting rehearing requests by AMP, the Northern Illinois Municipal Power Agency and IMEA.

ISO-NE must find a market-based solution for ensuring adequate generation by next winter, the FERC said last week in a clarification of a previous order.

FERC rejected a request from IMEA for an extended waiver that would allow it to use capacity resources outside of the ComEd LDA to meet its internal resource requirement in serving its load.

More than 60 parties filed comments or protests in response to PJM’s Capacity Performance proposal before last week’s deadline. We have a full summary.

NYISO last week asked FERC to exempt competitive transmission, including the Champlain Hudson project, from the ISO’s buyer-side mitigation rules.