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July 10, 2024

Markets

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FERC Approves LS Power Gas Plant Purchase Despite PJM Monitor’s Concerns
FERC approved LS Power’s purchase of an 810-MW natural gas plant in central Pennsylvania despite some qualms from PJM’s Independent Market Monitor. 
Dominion Energy
FERC Allows Dominion’s FRR Resources to Shift to PJM Capacity Market
FERC granted a complaint from Dominion Energy to allow planned capacity resources to shift their participation from the Fixed Resource Requirement alternative to the Reliability Pricing Model capacity market.
Analysis Group
Stakeholders Battle over Battery as Proxy in NYISO Demand Curve Reset
NYISO stakeholders are divided over consultants’ proposal to use a two-hour battery as the peaking plant in the ISO’s capacity market demand curve, as part of its quadrennial demand curve reset for 2025-2029. 
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PURPA Case Offers FERC Early Glimpse of Post-Chevron World
FERC is getting an early taste of life without Chevron deference after the Supreme Court remanded a case involving the Public Utility Regulatory Policies Act back to an appeals court.
© RTO Insider LLC
Portland General Electric Formalizes EDAM Commitment
Portland General Electric became the second entity in the Western U.S. after PacifiCorp to sign an implementation agreement for the Extended Day-Ahead Market.
© RTO Insider LLC 
Busy Summer Ahead for Pathways Initiative
Participants in the West-Wide Governance Pathways Initiative face a busy meeting schedule this summer as the group’s leaders look to advance on parallel fronts to develop a Western “regional organization.”
© RTO Insider LLC
PJM MRC/MC Briefs: June 27, 2024
PJM’s Markets and Reliability Committee endorsed a proposal to align the day-ahead energy market commitment cycle with the daily gas nomination deadlines.
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PJM Consumer Advocates File Complaint on EE Market Design
Three state consumer advocates filed a complaint against PJM with FERC, alleging the RTO’s treatment of energy efficiency resources is unduly discriminatory and is not properly documented in its governing documents. 
Potomac Economics
NEPOOL Holds Summer PC Meeting amid New England Heat Wave, Climate Protests
NEPOOL held its annual summer Participants Committee meeting in New Hampshire during a multiday stretch of extreme heat and high demand on the New England grid.
MISO
FERC Approves Sloped Demand Curve in MISO Capacity Market
After two requests for more information and nine months, FERC has greenlit MISO’s plan to exchange its current, vertical curve for sloped demand curves in its seasonal capacity auctions.

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