FERC OKs $4 million in three settlements over muni power deals in 2000-2001 crisis
The Federal Energy Regulatory Commission on Wednesday approved three settlements between the California cities of Riverside, Anaheim and Azusa and entities that traded or used power purchased
Publication Date: JUN 2008
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Great Plains closes sale to Direct Energy of competitive retail unit Strategic Energy
Great Plains Energy has completed the $300 million sale of its Strategic Energy retail electricity and gas marketer to Direct Energy Services, a subsidiary of the UK's
Publication Date: JUN 2008
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Higher temperatures and prices of gas send spot power prices racing upward
North American electricity markets climbed last week on the back of hot weather and rising fuel prices.
Publication Date: JUN 2008
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Michigan Senate splits energy legislation, as former commissioners register concern
Energy legislation that would rescind much of Michigan's retail choice law and a renewable portfolio standard will proceed separately in the Senate now that a so-called "tie
Publication Date: JUN 2008
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NYISO taps ISO New England's Whitley for new CEO of transmission organization
The New York Independent System Operator has selected Stephen Whitley as its new president and CEO. He is being hired away from another regional transmission organization, ISO
Publication Date: JUN 2008
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Near-term markets ($/MWh)
Near-term markets ($/MWh)
Publication Date: JUN 2008
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Nevada PUC decides two investment firms can keep their big chunks of Sierra Pacific
The Nevada Public Utilities Commission on Wednesday decided that two related New York-based investment firms have not violated state law by together owning more than one-quarter of
Publication Date: JUN 2008
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Platts Feature
US power prices: Huge investments needed to meet US power demand growth
Publication Date: JUN 2008
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San Francisco official slams California ISO for revising estimate of need for peakers
The California Independent System Operator drew fire from the San Francisco Board of Supervisors Tuesday, as a board member accused it of flip-flopping on the need for
Publication Date: JUN 2008
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Seven firms respond to R.I. wind farm RFP
Seven companies have submitted proposals to build offshore wind power in Rhode Island, according to information released last week by state officials.
Publication Date: JUN 2008
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Statewide drought declared in California, may see more reliance on gas-fired power
California Governor Arnold Schwarzenegger on Wednesday declared a statewide drought due to below-average rainfall and snowmelt runoff, possibly forcing the state to lean more on natural gas-fired
Publication Date: JUN 2008
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SunZia project may feed Arizona demand with renewable energy from New Mexico
A Southwestern transmission project, the 500-kV SunZia line, has attracted a group of partners that plan on building the line to bring 3,000 MW of renewable and
Publication Date: JUN 2008
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Two more competitors undermined in Texas as prices climb to peaks in balancing market
As one retail electricity provider defaulted on its credit obligations to the Electric Reliability Council of Texas last week, another filed for bankruptcy court protection to avoid
Publication Date: JUN 2008
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UBS recruiting replacement staff to rebuild energy trading desks after poaching of staff
UBS, the big Swiss bank, countered Thursday market rumors that it may be exiting the North American power and natural gas trading markets.
Publication Date: JUN 2008
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Weekly indexes for day-ahead markets for week ending Jun 7
Weekly indexes for day-ahead markets for week ending Jun 7
Publication Date: JUN 2008
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Wisconsin OKs plan for line from Illinois to help lower power prices starting in 2010
In a move aimed at lowering power prices in Wisconsin, state regulators have approved a 345-kV power line to be built by American Transmission Co. between Wisconsin
Publication Date: JUN 2008
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AEP Ohio seeks renewables in PJM
American Electric Power on Wednesday said that its AEP Ohio operating unit has issued a request for proposals seeking to buy up to 300 MW of renewable
Publication Date: JUN 2008
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As power markets tighten in Southwest, Salt River Project considers its options
Reflecting tightening power supplies in the Southwest, Salt River Project needs to add about 2,500 MW of new natural gas-fired generation through 2020.
Publication Date: JUN 2008
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Average spark spreads for week ending May 30
Average spark spreads for week ending May 30
Publication Date: JUN 2008
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Calpine rejects NRG's offer as inadequate but is willing to talk about merger possibility
Calpine on Friday rejected the takeover offer from NRG Energy but said it was willing to consider discussions to explore a business combination.
Publication Date: JUN 2008
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Chien Energy defaults on negative FTRs, will quit PJM and likely avoid FTR markets
Chien Energy defaulted on a payment estimated to total $242,000 due to the PJM Interconnection for charges accruing on the company's financial transmission rights.
Publication Date: JUN 2008
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Competitive indicators for generators
Competitive indicators for generators
Publication Date: JUN 2008
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Connecticut tells utilities to reduce contracts in demand response because of high costs
Connecticut regulators have called upon utilities to cut back demand response contracts, citing high costs and less need for the resource as the state's reliability picture gets
Publication Date: JUN 2008
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Day-ahead and forward markets, last 30 days
Day-ahead and forward markets, last 30 days
Publication Date: JUN 2008
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Day-ahead markets for week ending May 31
Day-ahead markets for week ending May 31
Publication Date: JUN 2008
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Day-ahead prices go negative in Northwest as spring melt brings surplus of hydropower
A combination of fundamentals is depressing Pacific Northwest off-peak wholesale power prices into unprecedented negative territory, according to some market participants, but one participant also pointed to
Publication Date: JUN 2008
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Defaulting FTR trader Exel fails to provide quarterly report, loses market-based rates
The Federal Energy Regulatory Commission on May 23 revoked market-based rate authority from Exel Power Sources for failing to report required electric quarterly reports.
Publication Date: JUN 2008
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Dynegy to sell 815-MW gas-fired peaker to Tenaska Capital for $368 million cash
Dynegy announced last week that it has agreed to sell its Rolling Hills power plant in Wilkesville, Ohio, to Tenaska Capital Management for $368 million in cash.
Publication Date: JUN 2008
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EEI worried by FERC approach to ROE; choice of midpoint or median means a lot
The Federal Energy Regulatory Commission appears to have set a new precedent for the way it calculates return on equity for electric utilities, and the Edison Electric
Publication Date: JUN 2008
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FERC approves power crisis settlement for Grant County, Washington, transactions
The Federal Energy Regulatory Commission late Friday approved a $26.5 million settlement between the Public Utility District No. 2 of Grant County, Washington, and parties that bought
Publication Date: JUN 2008
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Federal funds offered to help finance study of possible renewable energy zones in West
The Department of Energy on Wednesday said it plans to invest up to $2.3 million to help Western states identify areas in that region with renewable energy
Publication Date: JUN 2008
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Head of new Illinois Power Agency says he can meet 2009 procurement deadlines
Illinois Power Agency Executive Director Mark Pruitt, confirmed May 23 by the state Senate to head the new agency, believes he can meet upcoming procurement deadlines that
Publication Date: JUN 2008
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ISO-NE offers revised long-term rights plan with flexibility on terms, certainty on prices
A revised plan for long-term firm transmission rights was filed Tuesday by ISO New England, the last of the five regional transmission organizations still trying to win
Publication Date: JUN 2008
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Iberdrola seeks bids for wind farm output
Iberdrola Renewables on Wednesday said that it is seeking offers from bidders to purchase the output associated with three wind farms being developed by the company in
Publication Date: JUN 2008
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KGen Power hires adviser Credit Suisse, will review options including company sale
Privately held KGen Power said Wednesday that it will undertake a strategic review that could lead to the sale of the company. The Houston-based firm said it
Publication Date: JUN 2008
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MISO, Minnesota PUC and some others express support for CapX 2020 grid plan
With public hearings beginning in mid-June, a Minnesota agency, the Midwest grid operator and some environmental groups are supporting a massive power line project that would add
Publication Date: JUN 2008
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Maryland PSC intervenes with rate cap, subsidization of some customers, groups say
A group of large customers in Maryland expect to appeal the Public Service Commission's decision to temporarily cap rates for about 4,000 smaller customers and to spread
Publication Date: JUN 2008
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Near-term markets ($/MWh)
Near-term markets ($/MWh)
Publication Date: JUN 2008
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Otter Tail, Duquesne in FERC settlements of enforcement for various violations
The Federal Energy Regulatory Commission has approved a pair of enforcement settlements closing out investigations of tariff violations by Otter Tail Power and violations of cost-allocation and
Publication Date: JUN 2008
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PJM wants to add to its financial products: FTRs for one-year and three-year periods
The PJM Interconnection plans to offer more frequent auctions of financial transmission rights to give members extra flexibility to hedge their long-term positions by increasing the number
Publication Date: JUN 2008
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Prices at PJM West climb $29 in week; ERCOT day-ahead prices in triple digits
North American spot electricity prices were rising across the board with few exceptions as the Eastern Interconnection saw hints of summer after the Memorial Day Weekend.
Publication Date: JUN 2008
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Probe of extensive power outage in UK to be followed in US for lessons to learn
The North American Electric Reliability Corp. will closely monitor the conclusion of an ongoing investigation by UK energy officials into a cascading power outage Tuesday that boosted
Publication Date: JUN 2008
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Progress prepares big request for power
Progress Energy Florida said Thursday that it expects to receive a wide range of responses to its planned request for proposals for 1,200 MW deliverable starting by
Publication Date: JUN 2008
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Study says flexibility and economic criteria can help demand response improve MISO
The use of economic criteria to trigger demand response events and the flexibility to trigger a large number of such events suggests that demand response resources can
Publication Date: JUN 2008
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Texas puzzles over extraordinary prices and worries about fallout among retailers
The famed open electricity market of Texas wobbled a bit last week. With a market monitor and regulators in Texas scratching their heads about what caused wholesale
Publication Date: JUN 2008
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The city of Waco
• The city of Waco, Texas, has issued a request for proposals seeking a city-wide contract for the competitive supply of electricity. According to the RFP, the
Publication Date: JUN 2008
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Vectren will buy 100
• Vectren will buy 100 MW of peaking power from Sempra Energy for three years starting in 2010, a deal that allows the Indiana-based utility to delay
Publication Date: JUN 2008
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Weekly indexes for day-ahead markets for week ending May 31
Weekly indexes for day-ahead markets for week ending May 31
Publication Date: JUN 2008
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West Virginia governor suggests special tax if 500-kV Allegheny line runs through state
West Virginia Governor Joe Manchin is developing a proposal to tax Allegheny Energy if its proposed Trans-Allegheny Interstate Line is built across the state.
Publication Date: JUN 2008
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Average spark spreads for week ending May 23
Average spark spreads for week ending May 23
Publication Date: MAY 2008
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Competitive indicators for generators
Competitive indicators for generators
Publication Date: MAY 2008
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Day-ahead and forward markets, last 30 days
Day-ahead and forward markets, last 30 days
Publication Date: MAY 2008
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Day-ahead markets for week ending May 24
Day-ahead markets for week ending May 24
Publication Date: MAY 2008
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Developer SCS Energy sells 30.45% of Astoria Energy plant in NYC to Suez
Suez Energy International on Thursday said it had acquired a 30.45% equity stake in the 575-MW natural gas-fired Astoria Energy power plant in New York from SCS
Publication Date: MAY 2008
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ERCOT forecasts better summer reserves; generation projects outpace demand growth
Independent power companies, responding to a once-declining reserve margin and higher wholesale power prices in the Electric Reliability Council of Texas region, have stepped up the development
Publication Date: MAY 2008
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ERCOT scratches its head as prices reach levels traders and experts find unexplainable
Market participants and other industry experts were at "a complete loss" as to why electricity prices in the Electric Reliability Council of Texas, specifically in the South
Publication Date: MAY 2008
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Edison Mission fined for misleading FERC during probe of its bidding strategy in PJM
Edison Mission Energy and two affiliates have agreed to pay about $9 million for misleading the staff of the Federal Energy Regulatory Commission during an investigation of
Publication Date: MAY 2008
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Electricity price links to natural gas and oil discussed in context of growing LNG imports
How liquefied natural gas imports impact electricity prices will depend on growing US demand for gas and the development of the global LNG market — and at
Publication Date: MAY 2008
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Iberdrola says it wants to invest $8 billion in US renewables, especially wind power
Spain's Iberdrola plans to invest $8 billion in US renewable energy development during 2008-10, including doubling its wind-power capacity, the company said.
Publication Date: MAY 2008
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Intelometry Retail Power Index™ May 2008
Intelometry Retail Power Index™ May 2008
Publication Date: MAY 2008
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Is Texas bracing for small-firm shakeout as wholesale prices squeeze marketers?
As wholesale power prices continue to squeeze retail marketers across the country, Texas is dealing with questions raised about at least one marketer that has defaulted on
Publication Date: MAY 2008
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June FTR prices in ISO-NE auction highest for Connecticut and eastern Massachusetts
Financial transmission rights to transmit power into the congested Southeast Massachusetts and Connecticut zones were the most highly priced within the ISO New England's system, data from
Publication Date: MAY 2008
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Market-based rate policy change draws questions, criticism from industry sectors
The Federal Energy Regulatory Commission is taking heat from a variety of sources about the policy change it apparently made in April on a basic element of
Publication Date: MAY 2008
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NRG counts the ways a takeover of Calpine could work, and analysts see advantages, too
It may not go through, but the roughly $11 billion stock-for-stock acquisition of Calpine proposed by NRG Energy reveals a number of key issues now facing merchant
Publication Date: MAY 2008
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Near-term markets ($/MWh)
Near-term markets ($/MWh)
Publication Date: MAY 2008
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New York ISO forecasts enough power for summer demand above 2007 level
Barring "unexpected extremes in weather conditions," New York has sufficient generating resources to meet expected peak summer demand, the New York Independent System Operator said Thursday.
Publication Date: MAY 2008
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New York to review Entergy nuke spin-off, wants new company to have adequate capital
New York regulators will review Entergy's plan to spin off its nuclear power plants, although the state does not typically regulate competitive wholesale generators.
Publication Date: MAY 2008
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Nodal market hesitations: ERCOT delayed, and Cal-ISO hears skepticism on target date
The Electric Reliability Council of Texas said last week that its nodal market will not launch on December 1, as planned, due to software deliveries being later
Publication Date: MAY 2008
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Northwest group studies peaking capacity, considers regional 'early warning system'
With increasing strains on the Northwest's hydroelectric system, a regional utility group is launching a study of the area's peaking capacity.
Publication Date: MAY 2008
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PacifiCorp moves step closer to big RFP
Oregon regulators last week approved a 2,000-MW request for proposals that PacifiCorp expects to issue within weeks.
Publication Date: MAY 2008
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Pennsylvania bidding results: $80.48/MWh for Penn Power's POLR residential service
The Public Utility Commission of Pennsylvania said Wednesday that the average price of the winning bids for Pennsylvania Power's most recent procurement for residential provider of last
Publication Date: MAY 2008
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Power in ERCOT reaches record heights as Pacific Northwest prices plumb depths
The excitement in North American spot electricity markets were was heaped on the Electric Reliability Council of Texas and the Pacific Northwest.
Publication Date: MAY 2008
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Senators decry speculation in commodities; CFTC economist cites market fundamentals
Several senators last week blasted the Commodity Futures Trading Commission for its apparent inability to rein in speculators.
Publication Date: MAY 2008
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The Ontario Power Authority
• The Ontario Power Authority on May 16 issued a 500-MW solicitation for cogeneration projects, part of a larger plan to encourage development of up to 1,000
Publication Date: MAY 2008
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Weekly indexes for day-ahead markets for week ending May 24
Weekly indexes for day-ahead markets for week ending May 24
Publication Date: MAY 2008
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Westar finds partners for Kansas plans to build lines especially for wind energy
Westar Energy and Electric Transmission America — a joint venture of American Electric Power and MidAmerican Energy Holdings — have formed a joint venture called Prairie Wind
Publication Date: MAY 2008
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Will Rhode Island follow Massachusetts in allowing utility long-term contracts?
Over the objection of Constellation Energy, Rhode Island lawmakers plan to take up a bill this week that would let the state's major utility sign long-term power
Publication Date: MAY 2008
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With new agency set to run procurements, Illinois gets advice and RFP assessments
Constellation Energy Commodities Group told Illinois regulators that the newly formed Illinois Power Agency can improve future procurement processes by incorporating several of its recommendations, including shortening
Publication Date: MAY 2008
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AEP unit PSO asks for baseload power, will help replace canceled Red Rock plant
Public Service Co. of Oklahoma has issued a baseload power solicitation that "independent evaluator" Boston Pacific said is specifically designed to ensure that any power supply proposal
Publication Date: MAY 2008
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Average spark spreads for week ending May 16
Average spark spreads for week ending May 16
Publication Date: MAY 2008
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