December 7, 2023

Direct Energy

FERC Continues Ordering Refunds from 2020 Heat Event
FERC ordered two more sellers to issue refunds for excess prices earned in the August 2020 Western heat wave event.
NRG Energy
NRG Announces $3.6B Cash Deal to Acquire Direct Energy
NRG Energy said it will acquire competitive retailer Direct Energy from U.K.-based Centrica for $3.63 billion in an all-cash transaction.
New PJM CEO Defends Direct Energy Stewardship
While Manu Asthana's appointment as CEO brings hope to stakeholders left shaken by PJM’s exodus of leadership, one group finds the choice unsettling.
PJM Taps Ex-Direct Energy Exec as New CEO
PJM named former Direct Energy executive Manu Asthana as its new CEO, ushering in a new era of leadership after a year of reorganization and departures.
FERC Rethinking PJM Capacity Performance Rules
FERC ordered a technical conference to consider whether PJM should move from a year-round to a seasonal capacity market construct.
Power Industry Leaders Debate Responses to Changing Grid
The leaders of Exelon, Linde, American Municipal Power, Calpine and Direct Energy had different takes on changes in the industry at the PJM Annual Meeting.
Co-ops, Munis Call for Reset of PJM Capacity Model
American Municipal Power plans to propose a problem statement calling for a “holistic assessment” of the PJM Capacity Performance Model.
PJM Market Implementation Committee Briefs
The PJM Market Implementation Committee discussed rules for releasing excess capacity, a plan to “un-nest” operating parameters and spot-in transmission from NYISO.
Despite Lengthy Negotiations, PJM Cost Allocation Settlement Still Finds Detractors
A settlement between PJM and transmission owners over the procedure for cost allocation of major projects is receiving criticism from stakeholders.
ERCOT Board OKs Rio Grande Valley Fixes
ERCOT’s Board of Directors unanimously approved two transmission projects intended to ease congestion and reliability concerns in South Texas.

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