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Buffett’s Berkshire to buy Texas power transmitter Oncor

Mount Pleasant Tribune

Associated Press Warren Buffett’s Berkshire Hathaway is buying the Texas power transmitter Oncor for $9 billion, one of his biggest acquisitions. Last year, Berkshire completed its biggest acquisition in its history, a $32.36 billion deal for aviation parts maker Precision Castparts. Oncor serves about 10 million people and is the biggest regulated […]

PJM, MISO ‘very close to agreement’ on pseudo-tie language

Platts

The PJM Interconnection and the Midcontinent Independent System Operator are “very close to agreement” regarding joint operating agreement provisions to facilitate the establishment of pseudo-ties for capacity resources awarded in the former’s capacity performance auction, stakeholders heard Thursday. During a PJM Markets and Reliability Committee meeting, Jacqulynn Hugee, PJM associate …

Texas PUC officially ends NextEra’s quest for Oncor

Platts

The Public Utility Commission of Texas on Wednesday finalized its order denying a rehearing of NextEra Energy’s application to buy the state’s largest transmission company, Oncor Electric Delivery.

The two-member commission approved the order denying the rehearing at a scheduled open meeting in Austin, ending NextEra’s quest to buy Oncor.

The commission had …

[…]

MISO to face change

Platts

MISO to face change, but how much and how quickly is unknown: CEO

While the “magnitude or speed of change” in the Midcontinent Independent System Operator’s regulatory and market future is unknown, the ISO’s top executive said Tuesday that “we do know it’s going to be different.” During MISO’s Informational Forum, John Bear, MISO […]

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 […]

Cal-ISO market monitor calls for scrapping congestion revenue right auction

Platts

The California Independent System Operator’s congestion revenue right auction process is leading to major losses for ratepayers and should be revamped, according to the grid operator’s market monitor. ISO transmission ratepayers lost $520 million in the CRR auction from 2012 through 2015, according to a white paper the ISO’s Department of Market Monitoring issued […]