NYISO board approves 2012 Comprehensive Reliability Plan

NYISO board approves 2012 Comprehensive Reliability Plan
Houston (Platts)

The board of directors for the New York Independent System Operator on Friday approved the 2012 Comprehensive Reliability Plan, which concludes that sufficient market-based, regulated backstop and alternative regulated solutions have been proposed to meet identified reliability needs through 2022.

“Given the expanding universe of potential risks to system reliability that are outside of our control, a robust planning process is absolutely critical,” said NYISO President and CEO Stephen G. Whitley in a press release Friday. “Factors such as extreme weather conditions, public policy revisions and dynamic economic…

More state regulation of power needed to avoid price volatility: execs

More state regulation of power needed to avoid price volatility: execs
Houston (Platts)

Insufficient state-level regulation of electricity markets ultimately would result in price volatility, as market players are unable to diversify their supply portfolios and bring new generation projects online, power executives said Thursday.

“Every plant that is being built right now — gas, nuclear, solar — is being built in regulated markets,” Duke Energy President and CEO James Rogers said at the IHS CERAWeek conference in Houston. “They aren’t being built in competitive markets because [they] don’t have capacity markets. This is going to lead to price…