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Summer (and maybe winter) of discontent for US power markets

Platts – The Barrel

by Eric Wieser
For the wholesale power markets, summer and winter typically grab the bulk of traders’ attention as loads can push the limits, which can result in bouncing power prices.
This past summer, temperatures in the lower 48 states came in as the fifth warmest in the 122-year period of record, tying 2006, according to the National Oceanic Atmospheric Administration.
So one might expect hot weather drives demand, which in …

FedEx Announces 2017 General Rate Increase & Other Changes

Parcel

By Rob Martinez
In a somewhat surprising move to industry analysts, FedEx has announced shipping rate and surcharge changes for 2017 that do not match those announced September 1 by rival UPS.
FedEx Express, FedEx Ground, and FedEx Freight, subsidiaries of FedEx Corp. (NYSE: FDX), will increase shipping rates effective January 2, 2017 as follows: …

Appeals court upholds FERC California power crisis market manipulation findings

Platts

The US Federal Energy Regulatory Commission’s finding that five energy companies manipulated California’s power markets in 2000-01 was upheld Thursday by a federal appeals court.
FERC has ordered the companies to pay more than $200 million in refunds and penalties, but that finding is being challenged separately.
“The panel held that FERC reasonably interpreted the …

MISO stakeholders question market project priority rankings

Platts

Midcontinent Independent System Operator stakeholders have questioned the results of a survey regarding the priorities assigned to various market issues in a draft 2016 Market Roadmap, which is used to develop a work plan for market enhancements. …

ERCOT panel OKs automatic wind, solar operating plan updates

Platts

Current operating plans in the Electric Reliability Council of Texas would be automatically updated with the next seven day’s forecast for wind and photovoltaic solar generation under a rule change approved by ERCOT’s Technical Advisory Committee Thursday.
A qualified scheduling entity — a market participant that is authorized to communicate operations with …

The Hunts won’t give up on Oncor, and they’re offering new sweeteners and support

The Dallas Morning News

By Mitchell Schnurman
The Hunts are trying to get back in the hunt for Oncor Electric Delivery Co. and this time, they’re willing to share the upside with ratepayers. But is it too late?
Under a new proposal, the Hunts offer to share 20 percent of the tax savings from a unique corporate structure and provide a rate credit for two years. For Oncor’s 3.4 million customers, the tangible benefits would total $220 million in the first five years, officials said. …