Exelon Wins Cost Recovery to Keep Uneconomic Gas Plant for Fuel Security

The Federal Energy Regulatory Commission on Dec. 20 approved an agreement allowing cost-of-service compensation for the continued operation of Exelon Corp.’s Mystic 8 and 9 natural gas-fired generating units to address reliability concerns in the New England region. The contract also includes the company’s Distrigas liquefied natural gas terminal that serves the plant. Commissioner Richard…

California Regulator Ponders Breaking Up PG&E Facing Scrutiny for Devastating Wildfires

The California Public Utilities Commission on Dec. 21 announced it is considering reforms ranging from splitting Pacific Gas and Electric into separate electric and gas companies to reconstituting into a public entity in the wake of wildfires that caused widespread destruction in Northern and Southern California. The agency said that the utility has had serious…

PJM Faces Complaint for Non-Assessment of Fuel Cost Penalty

Monitoring Analytics LLC, the independent market monitor for PJM Interconnection LLC, filed a complaint against the grid operator for determining not to assess a penalty to a market participant who violated the fuel cost policy, according to a Dec. 28 filing with the Federal Energy Regulatory Commission. The market monitor said that the violation occurred on…

NJR Clean Energy Wins FERC Approval for $209 Million sale of Wind Portfolio

The Federal Energy Regulatory Commission on Dec. 31 authorized NJR Clean Energy Ventures II Corporation to sell its interests in four wind energy projects totaling 117 megawatts to SRIV Partnership LLC. NJR Clean Energy said that the $208.5 million transaction completes the sale of all its operating wind facilities. In June, the company sold a…

Minnesota Power Wins Approval for 250-Megawatt Wind Power Contract

The Minnesota Public Utilities Commission authorized Minnesota Power’s 20-year power purchase agreement with Tenaska Inc. for 250 megawatts of wind-generated power, according to a Dec. 20 press release. The energy would be supplied by the proposed Nobles 2 facility in Nobles County along Buffalo Ridge expected to come online in October 2020. The contract, which…