FERC upheld its order that MISO could no longer broadly allocate the SSR costs of three power plants in Michigan’s Upper Peninsula.
In a bid to win D.C.’s approval of its takeover of Pepco, Exelon last week more than doubled the amount of customer credits it is offering.
Generators would be permitted to sell frequency response services at market-based rates under a rule proposed by FERC last week.
PSEG reported fourth-quarter net income of $476 million ($0.94/share), more than double the $200 million ($0.39/share) for the same quarter in 2013.
News briefs on companies doing business with RTOs. This week we include Ameren, NextEra, Xcel, Calpine, Exelon, PPL, NRG, PSEG, Dynegy and AEP.
FERC last week approved NERC's new risk-based approach to reliability compliance monitoring and enforcement, the Reliability Assurance Initiative (RAI).
Duke Energy said Friday that it had reached a $102.2 million settlement with the federal government to end the investigation into the Dan River ash spill and the company’s ash basin operations at other North Carolina plants.
Fourth-quarter earnings of NIPSCO parent NiSource rose to $154.2 million ($0.49/share), up nearly 2% from $151.8 million ($0.48/share) a year ago.
ConEd reported lower fourth-quarter earnings for 2014, but its $0.58/share showing for ongoing operations beat analysts’ consensus by 2 cents.
PJM set a new winter record for electricity use Friday, with demand hitting about 143,800 MW as dozens of cities broke low temperature records.