NRG Energy
Virtually all of the stakeholders who commented on PJM's proposed Capacity Performance product agreed that it goes too far, creates too much risk and is being rushed through the stakeholder process too quickly.
PPL’s plan to spin off its generation into Talen Energy needs additional mitigation to address local market power concerns, PJM’s market monitor told FERC.
Some areas of New York could face transmission violations as soon as next year and capacity shortages are likely by 2019, according to NYISO.
Dynegy announced Friday it will nearly double its capacity with the purchase of about 12,400 MW of generation from Duke Energy and private equity firm Energy Capital Partners.
News briefs from the states within the PJM footprint. This week we include Delaware, Illinois, Indiana, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania and West Virginia.
PJM member companies FirstEnergy, Duke Energy, NRG Energy, Dynegy and AES all announced second-quarter earnings last week.
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.
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.
News briefs on companies in the PJM Interconnection this week, including Duke, Exelon, NRG and Dominion.
It’s too early to say whether PPL shareholders be better off now that the company has decided to spin off its generation unit. But there’s no doubt the deal with Riverstone Holdings will shuffle the generator rankings.
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