PJM Interconnection LLC’s board of managers on Feb. 13 directed PJM staff to submit a revised version of its energy price formation proposal for approval by the Federal Energy Regulatory Commission. The move comes after market participants failed to reach an agreement on a compromise proposal to update the energy reserve pricing rules. The board asked PJM…...
The Michigan Public Service Commission opened an investigation requested by Governor Gretchen Whitmer, a Democrat, on the supply and deliverability of natural gas, electricity, and propane in Michigan as well as contingency plans, according to a Feb. 7 press release. The investigation was prompted by a fire at Consumer EnergyCo.’s Ray natural gas compressor station. The…
DetailsConsumers Energy Company, in a Feb. 12 filing with the Michigan Public Service Commission, said that its avoided cost, which must be paid to small independent power producers under the federal Public Utilities Regulatory Policies Act, should be rescinded as it was based on out-of-date information. The company asked the agency to approve new rates…...
The Tennessee Valley Authority Board of Directors on Feb. 14 approved the retirement of Paradise Unit 3 by 2020 and the Bull Run Fossil Plant by 2023, in order to better balance its generation system with changing demands. The vote reflects TVA’s commitment to replace less-efficient coal-fired plants with cleaner resources, despite President Donald Trump’s…...
