The NCEMPA is selling its stake in four Duke Energy Progress power plants to Duke in a deal valued at $1.2 billion, the organizations announced last week.

A summary of measures approved by the PJM Markets and Reliability Committee on July 31, 2014.

PJM will increase performance penalties and incentives and seek ways to incorporate firm gas transportation in energy prices under an initiative announced last week to reduce generator outage rates during winter.

Exelon, a company primarily known for its generation fleet, continued its customer-buying spree last week when it announced an agreement to buy Integrys Energy Services for $60 million.

Our summary of the issues scheduled for votes at the PJM MRC on 07/31/14. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage.

Facing a barrage of criticism from spurned Artificial Island bidders, state officials and others, PJM’s Board of Managers has delayed action on a recommendation that it select Public Service Electric & Gas to fix the Artificial Island stability problem. Instead, the board will allow PSE&G and other finalists to “supplement” their proposals in response to LS Power’s offer to cap its project cost at $171 million.

Senators from New York are angry over Cheryl LaFleur’s support for the NYISO’s creation of a capacity zone in the Lower Hudson Valley that has led to increases in prices.

The D.C. Circuit Court of Appeals signaled that it may take another look at the court’s order voiding FERC Order 745.

ComEd is teaming with an engineering company to boost the reliability of Chicago’s electrical grid and protect it against terrorism by installing three miles of superconductor cable beneath the city’s Loop district.

PPL and Riverstone Holdings have offered to divest about 1,300 MW of generation from their 15,000-MW combined fleet to avoid market power concerns over their planned spinoff, Talen Energy.