NYISO
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The New York Independent System Operator Inc., a not-for-profit regional transmission owner, is responsible for operating New York's bulk electrical grid, administering the state's wholesale electricity markets, maintaining grid stability, and ensuring the reliability and planning of the state's bulk energy system.
NY DPS Webcast
New York is fine-tuning its Clean Energy Standard (CES) and closing the books on the energy efficiency programs used since 2008.
The planning of carbon pricing in NYISO markets should be more clearly defined, stakeholders told ISO and New York state officials.
FERC approved the NYISO tariff revisions to implement a new reliability-must-run program but directed the RTO to make further revisions to its plan.
FERC approved NYISO Tariff revisions ordering downstate residents to pay 90% of the cost of AC transmission projects stemming from public policy needs.
NYISO
Among other news reported at the NYISO Business Issues Committee, year-to-date monthly energy prices averaged $34.89/MWh in October, a 4% increase.
NRG
NRG Energy earned $171 million ($0.53/share) last quarter, compared with $402 million ($1.27/share) in the same period last year.
Consolidated Edison’s Q3 earnings fell 8% to $457 million ($1.48/share), a drop the company attributed to changes in its rate plan and regulatory charges.
FERC denied NRG’s request for rehearing of an order concerning NYISO Tariff revisions intended to correct an inefficiency in the ISO’s capacity market.
Climate Policy Initiative
The PJM Market Monitor estimated the DOE NOPR would cost ratepayers $32 billion/year if nuclear and coal units were all paid their full replacement value.
FERC denied Public Citizen’s request for rehearing on Entergy’s sale of the James A. FitzPatrick nuclear plant in New York to Exelon.
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