Company News
Dominion Energy reported that its Coastal Virginia Offshore Wind project will cost 9% more than initially expected, thanks to higher-than-expected PJM network upgrade costs.
TVA CEO Jeff Lyash announced plans to retire “no later than the end of the fiscal year” after running the federal power authority for nearly six years.
BPA could face high implementation fees and operating costs under both SPP’s Markets+ and CAISO’s EDAM, but exact amounts are in flux.
Constellation and Calpine proposed selling off several PJM power plants in their merger application with FERC to quell any concerns with market power in some submarkets.
The Massachusetts Department of Public Utilities approved a settlement agreement for the New England Clean Energy Connect transmission line, authorizing a significant cost increase to account for regulatory delays to the project.
El Paso Electric says it will join SPP’s regional day-ahead Markets+ service offering in a “strategic move … tailored” to meet expected customer load growth and evolving needs.
The Western Power Pool faced “real potential weaknesses” in 2024 due to staff shortages and outdated financial and accounting systems, the organization’s leadership said during their annual member meeting.
Powerex says it will fund the next phase of SPP’s Markets+ and “re-affirmed” its commitment to joining the Western real-time and day-ahead offering.
The 6th U.S. Circuit Court of Appeals ruled FERC improperly allowed Duke Energy Ohio and FirstEnergy to include the RTO adder in their rates despite participation in an RTO being mandated by Ohio law.
Though no utilities have been blamed for the deadly wildfires in Los Angeles so far, stakeholders cautioned that companies like Southern California Edison are not completely out of the woods and still face financial and legal risk.
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