Financing costs related to the acquisition of Texas utility Oncor helped pushed Sempra Energy’s earnings down by $94 million in the first quarter compared with the same period last year.

PJM’s Market Implementation Committee approved manual revisions reducing the number of virtual bidding locations by almost 90%.

The PJM Operating Committee unanimously approved revisions to Manual 14D to tighten the notification rules for transferring the ownership of generation units.

FERC denied Bayonne Energy Center a waiver of several NYISO Tariff provisions, which the plant said it needed to enter the ISO’s June capacity auction.

The MISO Reliability Subcommittee’s resource availability and need effort could revive a discussion on developing a capacity market divided by season.

Comments on PJM’s “jump ball” proposals for protecting the capacity market from subsidized resources were almost uniformly negative.

The New York ISO (NYISO) faces increasing penetration of intermittent distributed energy resources (DER), declining load, all-time low energy prices and the need to replace aging generation.

FERC Commissioner Robert Powelson said that he sees an “erosion of confidence” in RTO stakeholder processes.

CAISO and PacifiCorp reaped the majority of the Western Energy Imbalance Market’s $42.1 million in gross benefits during the first quarter (Q1 2018).

FERC approved settlement agreements among CAISO, Pacific Gas and Electric and Calpine covering reliability-must-run contracts for three Northern California gas-fired plants, reducing the revenue they will receive and making them subject to a must-offer requirement.