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Houston power co. proposes divestments on FERC concerns

Houston Business Journal

Joshua Mann Reporter Houston Business Journal

Houston-based Dynegy Inc. (NYSE: DYN) responded to regulatory concerns around its upcoming $3.3 billion purchase of power generation assets from Engie SA (EPA: ENGI) with a proposal to divest some of its other assets.
Specifically, the Federal Energy Regulatory Commission cited competitive concerns in two regions. The first was the ComEd Locational Delivery Area in PJM Interconnection, and the second was the the Southeastern New England capacity zone in ISO New England Inc. ComEd LDA is in the northern part of …

ERCOT tightens summer 2017 power supply-demand forecast

Platts

A more robust economic outlook prompted the Electric Reliability Council of Texas to forecast next summer’s power supply to be tighter than it had forecast in May, but ERCOT should have sufficient supply to meet demand, a new report shows.
ERCOT’s latest Capacity, Demand and Reserves Report, released Thursday, includes expected peakload forecasts and capacity for the next 10 years. ERCOT issues the CDR usually in …

Texas regulators, power market stakeholders debate RMR rule fixes

Platts

Texas regulators and power market stakeholders on Wednesday brainstormed how best to limit the Electric Reliability Council of Texas use of reliability-must-run contracts and how to price their services when needed.
Julia Harvey, Public Utility Commission of Texas director of wholesale market policy, conducted a rulemaking workshop for Project No. 46369, with topics including the use of RMR capacity in various ERCOT capacity calculations, the timeline for evaluating RMR and …

Southwest Power Pool sets new winter peak demand record

Platts

The Southwest Power Pool set a new winter peak demand record of 37,780 MW, the grid operator said.
SPP set the new record at 7:21 am Friday, beating the previous record of 37,412 MW set January 18, 2016.
North Hub on-peak day-ahead LMP was $33.91/MWh for Friday delivery, compared to the month-to-date average of $30/MWh. South Hub on-peak day-ahead LMP was $33.44/MWh for …

 

MISO board approves estimated $2.7 billion in wires projects

Platts

The Midcontinent Independent System Operator Board of Directors on Thursday approved the system’s latest transmission expansion plan with 383 new projects spread across the grid operator’s sprawling footprint, estimated to cost almost $2.7 billion.
As part of the System Planning Committee report to the board, committee Chairman Mike Evans presented the MISO Transmission Expansion Plan 16, which includes projects needed to¬† …

New York launches formal review of competitive energy markets

Platts

New York is launching an extensive review of competitive power and natural gas markets with an eye to eventual reforms that could change the way energy marketers operate in the state.
Over the next several months, the New York Public Service Commission plans to hold public hearings and solicit sworn testimony to gauge what changes, if any, are necessary in the competitive …