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 …

The New Logistics Competition for the Last Mile

Industry Week

by Tom Mayor and Talley Lambert

Global consulting firm KPMG anticipates that as early as 2030, a new mobility services segment will emerge worth well over $1 trillion dollars for products and services related to autonomy, mobility and connectivity. According to KPMG’s 2017 Global Automotive Executive Study, which polled nearly 1,000 executives with the world’s leading automotive companies, 76% say just one connected vehicle generates more …

California oversupply volumes grow, ISO curtails more renewables

Platts

The California Independent System Operator is curtailing growing amounts of renewable generation, Mark Rothleder, the grid operator’s vice president for market quality and integrating renewables, said.
Speaking Wednesday during a meeting of the Western energy imbalance market board, Rothleder said the ISO curtailed about 60,000 MWh in February and about 80,000 MWh in March, up from about 21,000 MWh and …

ERCOT sets record wind output Friday

Platts

The Electric Reliability Council of Texas set a wind-output record of 16,141 MW Friday night, it reported on Saturday in its daily wind integration report.
ERCOT said the record was set at 8:56 pm CDT Friday and wind accounted for about 39.5% of the total power demand at that time.
In the real-time market, for the 15 minutes interval ended 9 pm Friday, the price for ERCOT West Hub was about $5.50/MWh, while prices for all other hubs averaged near $13.50/MWh. …

Supply Side Health Care Reform

MarginalRevolution

by Alex Tabarrok
We fight over health care policy because we focus on demand and redistribution. We could reach greater agreement if we focused on supply and innovation. What are the key areas where agreement is likely?
1) Cancer kills both Republicans and Democrats so more spending on medical research is likely to reach broad agreement. As I said in Launching:
Looking at the future, if medical research could reduce cancer mortality by just 10 percent, that would be worth $5 trillion to U.S. citizens (and even more taking into account the rest of the world). The net gain would be especially large if we could reduce cancer mortality with new drugs, which are typically cheap to make once discovered. A reduction in cancer mortality of this size does not seem beyond reach, and the value of such a reduction in mortality far exceeds that of spending more on medical care today. Yet because the innovation vision is not central to our thinking, we overlook potentially huge improvements in human welfare.
By greater spending on medical research, I mean not only greater spending through the NIH but also a commitment to innovation policy more …