The Public Utility Commission of Texas issued a news release on August 13 urging Texans to conserve electricity as record demand met temperatures in the triple digits. The Electric Reliability Council of Texas Inc. saw its operating reserves dip below their 2.3 gigawatt threshold and push power prices to the market cap of $9,000/MWh. High temperatures…
The Michigan Public Service Commission has concluded that electric providers in the state have demonstrated that they have adequate electricity supplies to meet the needs of their customers for the 2022-23 planning year, according to an August 8 press release. The annual review by the regulator aims to ensure long-term reliability by verifying electric providers’ energy supply arrangements.…
The ISO New England Inc.’s short-term program to compensate resources for maintaining inventoried energy during winters 2023/2024 and 2024/2025 became effective by operation of law because the Federal Energy Regulatory Commission lacked a quorum to act on the proposed reforms before the statutory deadline, according to an Aug. 6 notice. A resource is eligible to…
The New York Public Service Commission on Aug. 8 opened a proceeding to examine options to align the state’s resource adequacy programs with renewable energy and emissions reduction goals, while ensuring safe and adequate service at just and reasonable rates. New York enacted legislation last month, which requires a carbon-neutral power system by 2040 and…
The Western Energy Imbalance market generated about $86 million in savings in the second quarter of this year, with total benefits reaching about $736 million since its launch in November 2014, according to a July 31 press release from the California Independent System Operator Corporation. The market helps displace less-clean energy supplies with surplus renewable…
The Federal Energy Regulatory Commission on July 25 directed PJM Interconnection LLC not to move forward with its annual capacity auction scheduled for Aug. 14-28, recognizing the need to ensure certainty for market participants who make resource investment and retirement decisions. The agency has not yet rendered a decision on the grid operator’s proposal filed…
Twin Eagle Resource Management LLC agreed to pay an administrative penalty of $180,000 to resolve alleged claims arising from its obligations as a qualified scheduling entity in 2016, according to a July 22 settlement agreement with the Texas Public Utilities Commission staff. Twin Eagle failed to reserve sufficient capacity to meet its obligations for 23…
Public Citizen, a Washington DC-based consumer advocacy group, lodged a protest against that New England grid operator for failing to provide access to details of its interim fuel security program in its rate filing on delist bids submitted for the 2023-24 capacity auction, according to a July 17 filing with the Federal Energy Regulatory Commission.…
Lawmakers in California quickly approved legislation providing investor-owned utilities with $21 billion to help them pay for wildfire damages linked to their transmission equipment. Democratic Governor Gavin Newsom signed the bill on July 12. The bill gives companies two options. One is a $10.5 billion state-backed line of credit to pay for wildfire damages that…
The California Independent System Operator Corporation launched RC West on July 1, becoming the official reliability coordinator with grid oversight responsibility for 16 balancing authorities and transmission operators in California and one in northern Mexico. The launch marks the first operational phase, with RC West taking over responsibility from Peak Reliability. The grid operator expects…
The Federal Energy Regulatory Commission on June 27 turned down a proposal by PJM Interconnection LLC to require demand response to conform to the requirements of supply-side capacity performance resources. The agency found that the changes would improperly charge load-serving entities participating in the grid operator’s price-responsive demand, or PRD, program by not providing a…
Public Citizen Inc issued a protest to the Federal Energy Regulatory Commission requesting it release the name of utilities that violated reliability standards, according to June 24 filing with the federal regulator. The North American Electric Reliability Corporation, which is responsible for enforcing the nation’s cybersecurity and reliability standards for the electric utility industry, issued a…