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December 23, 2024

Markets

Talen Energy
PIO Complaint Faults PJM Treatment of Deactivating Generation
Several public interest organizations have filed a complaint with FERC contending PJM’s capacity market inflates consumer prices by not counting generators operating on RMR agreements as a form of capacity.
CAISO
CAISO Seeks to Dispel CRR ‘Myths’ Around January Cold Snap
CAISO focused on CRRs when it served up the latest volley in the ongoing dispute over what played out on the Western grid during the January cold snap that forced Northwest utilities to import high volumes of energy to avoid blackouts.
© RTO Insider LLC
NYISO ICAP Working Group Briefs: Sept. 24, 2024
NYISO’s Market Monitoring Unit, Potomac Economics, presented recommendations for addressing what it calls inefficient market outcomes caused by setting locational capacity requirements based on the transmission security limit.
Shutterstock
CAISO Passes Initiatives to Address Meter Data Reporting, Expand Trading
The CAISO Board of Governors and Western Energy Markets Governing Body passed two proposals that address different issues within Western markets.
© RTO Insider LLC
RTOs Continue Glacial Pace at Replacing ‘Freeze Date’
MISO, PJM and SPP have failed for years to find a suitable replacement for a 20-year-old system reference they use to portion out flow rights on their system, the so-called freeze date.
© RTO Insider LLC 
FERC Grants PGE Extra Time to Prepare for EDAM
FERC granted CAISO a waiver allowing PGE to join the ISO’s Extended Day-Ahead Market a few months beyond the timeline set out in the market’s standard participation agreement.
West-Wide Governance Pathways Initiative
Pathways Initiative Releases ‘Step 2’ Proposal for Western ‘RO’
Pathways released its Step 2 draft proposal for dividing up functions between CAISO and the new “regional organization” that initiative backers are seeking to create to oversee the ISO’s Western real-time and day-ahead markets.
The Brattle Group
Updated EDAM Study Shows Doubling of PacifiCorp Benefits
PacifiCorp is poised to realize up to $359 million a year in net benefits from participating in CAISO’s EDAM, nearly double a previous estimate, according to a newly updated study by The Brattle Group.
Jakec, CC BY-SA 4.0, via Wikimedia Commons
With Three Mile Island Restart, Debate Continues on Co-located Load in PJM
Data centers and other concentrated electric consumers increasingly seek to buy their power directly through nuclear generators in PJM.
Tennessee Valley Authority
MISO, TVA to Enter Agreement on Emergency Purchases
MISO and the Tennessee Valley Authority are poised to strike an agreement on emergency energy transactions after months of RTO leadership complaining that TVA doesn’t return the favor of energy transfers in times of need.

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