FERC agreed to change the way it calculates returns on equity rates for electric utilities but split over its first application of the new formula in a case involving New England transmission owners.
It’s too early to say whether PPL shareholders be better off now that the company has decided to spin off its generation unit. But there’s no doubt the deal with Riverstone Holdings will shuffle the generator rankings.
Utilities in New Jersey and Maryland are fighting an attempt by a Competitive Power Ventures to enforce contracts that federal courts last year ruled invalid.
A Senate panel today voted to confirm Norman Bay to FERC in a deal that will keep acting chair Cheryl LaFleur in her current role for nine months.
PJM planners today recommended PSE&G be awarded the contract to fix the Artificial Island stability problem with a new 500kV line at a cost of about $300 million.
PJM will likely change its planning assumptions based on an analysis that found a strong correlation between wind chill indices and generator outages.
Norman Bay's case for confirmation as FERC chair wasn’t helped last week by the responses Acting Chair Cheryl LaFleur filed in response to Senators. LaFleur detailed seven enforcement cases in which she differed from Bay and her fellow commissioners.
PJM objected last week to a transmission developer’s efforts to reduce credit requirements on Qualifying Transmission Upgrades (QTUs), saying the RTO lacks authority to compel construction of the projects.
As temperatures soared into the 80s outside PJM offices last week, stakeholders began debating how to avoid a repeat of the gas dispatch operational problems from last winter.
States could cut their costs of complying with the EPA’s carbon emission rules by more than one-quarter through 2020 by joining in a regional cap and trade program.