FERC approved CAISO’s request to increase its capacity procurement mechanism soft offer cap from $6.31 per kW-month to $7.34.
Xcel Energy says it expects to incur a financial loss from Texas wildfires that could have a “material adverse effect” on the company’s bottom line.
Entergy’s CEO touched on recent developments on a first quarter earnings call, including the utility’s grid hardening plan for Louisiana.
MISO energy prices plunged on record low natural gas prices in March while the RTO managed a comparatively lower, 68-GW average systemwide load.
Western Resource Adequacy Program participants still strongly support the program despite recently appealing to delay its “binding” penalty phase by one year due to concerns about capacity shortages, WPP's Sarah Edmonds said.
Clean energy groups were unsuccessful with FERC in their challenge of automatic withdrawal penalties in MISO’s interconnection queue.
Compliance auditors at the Texas Reliability Entity urged utilities to think of them not as antagonists looking to get them in trouble, but as allies in the mission of maintaining grid reliability.
EPA announced nearly $1 billion in grants from the Inflation Reduction Act to help cities, states, territories and school districts trade in their diesel-burning heavy-duty trucks and buses for new zero-emission vehicles.
FERC has worked to restructure the power industry for nearly three decades, and is poised to take another major step forward on that front with the transmission rule next month, panelists said on a Americans for a Clean Energy Grid webinar.
Congestion revenue rights auctions averaged $62 million in losses between 2019 and 2023, down nearly $50 million since changes were implemented in 2019 but “still very high,” said CAISO’s Department of Market Monitoring.