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FERC approved the return of $13.6 million in penalties it had collected from BP over a case of alleged manipulation of Houston Ship Channel natural gas prices after Hurricane Ike in 2008.
U.S. Forest Service
California regulators approved the penalty against Pacific Gas and Electric for the utility’s role in the the second-largest wildfire in the state’s history.
NextEra Energy Resources
NextEra CEO John Ketchum said the company relied on 25 years of experience to navigate “clear headwinds for renewables” over the past two years.
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CPower hosted an event outside D.C. that charted the demand response's industry's evolution to a virtual power plant model that can help the industry manage the growing share of DERs coming onto the grid.
The Breakthrough Institute
The 2,200-MW PG&E plant will be the first recipient of federal funds being made available to shore up operations at U.S. nuclear plants that face imminent closure.
Platinum Equity Advisors
LS Power has entered into an agreement with Platinum Equity to purchase the 810-MW gas-fired Hunterstown Generating Station in Adams County, Pa.
FERC
FERC approved $2.3 million in penalties against Vitol and one of its traders for manipulating CAISO's market in 2013 to limit losses stemming from the firm's congestion revenue rights position.
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FERC rejected PG&E's request for an adder to its transmission rates based on its participation in CAISO, finding that California law precludes it from leaving the ISO without the state’s permission.
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Avangrid has pulled the plug on its proposed $8.3 billion acquisition of PNM Resources, as final approval for the deal remains tied up at the New Mexico Supreme Court.
Duke Energy
FERC rejected a proposal Duke Energy filed to update its transmission planning process in the Carolinas due to a cost threshold in the proposal, saying other aspects of the filing seemed just and reasonable.
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