Power prices briefly spiked above $1,000/MWh on Long Island Wednesday due to a combination of cold weather and an unplanned transmission outage.

Our summary of the issues scheduled for votes at the PJM MRC on Dec. 18, 2014. Each item is listed by agenda number, description and time of discussion.

The NYPSC approved Con Ed of New York's proposed $200 million Brooklyn/Queens Demand Management Program that would relieve overloads in the city.

PJM stakeholders agreed to review modeling practices that may be shortchanging loads with transmission agreements that pre-date the RTO's capacity market.

PJM and MISO have reached agreement on a new product for interchange transactions similar to the CTS product PJM launched with NYISO.

The MISO Board of Directors Thursday rejected proposed guidelines on how the chair makes committee appointments, while members elected two new directors.

PJM's MIC will begin work on an initiative to consider whether the RTO should provide more notice to the market before introducing “closed loop” interfaces.

Connecticut policymakers say inadequate natural gas infrastructure will lead to sharply higher electricity prices despite increased energy efficiency.

FERC last week approved Duke Energy Progress’ $1.2 billion purchase of 700 MW of generation from the North Carolina Eastern Municipal Power Agency.

Md. PSC staff said Exelon should increase its proposed credit to customers as a condition of approval of the company's merger with Pepco, while the OPC said the commission should reject the deal.