Energy Market
PJM’s plan to change the definition of the IMO interface with the Ontario IESO received a lukewarm review from Monitor Joe Bowring, who said it would not correct what he has called “sham scheduling.”
Powhatan Energy Fund, already embroiled in a battle with FERC’s Office of Enforcement, have now taken on PJM.
FERC issued a deficiency letter last week asking PJM to justify its proposal for reserve pricing in emergencies.
Powhatan Energy Fund’s trading scheme cost more than 20 PJM market participants at least $100,000 each, with Exelon, AEP and Dominion each losing more than $1 million, according to an RTO analysis released by FERC.
Attorneys for Powhatan Energy Fund and Kevin Gates accused FERC's Office of Enforcement of withholding information that could exonerate their clients in a high-profile market manipulation case.
Boston lamented that PJM took unilateral action on several contentious proposals in 2014 after stakeholders were unable to reach consensus.
FERC will revisit its decision to prohibit MISO from assessing export charges to PJM for multi-value projects that benefit PJM customers.
FERC approved SPP’s market-to-market coordination rules with MISO, after the two RTOs resolved an earlier dispute over the creation of flowgates.
MISO’s Market Monitor urged FERC last week to resolve a standoff between MISO and PJM over interface pricing that he said is costing consumers millions.
Massachusetts needs additional natural gas pipeline capacity to avoid severe energy shortages in the next few decades, a study concluded.
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