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.
PJM President and CEO Terry Boston plans to retire effective Dec. 31. A search for a replacement is already underway.
PJM rejected most of the criticism of its Capacity Performance proposal, but dropped its proposed change in the method for determining the capacity obligations of load-serving entities.
AEP reported fourth-quarter earnings of $191 million ($0.39/share), compared with $346 million ($0.71/share) for the same period last year.
