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July 10, 2024

Company News

Shutterstock
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. 
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Hurricane Beryl Leaves 2.7M Customers Without Power
Hurricane Beryl ripped through the Houston area after making a landfall on the Texas Gulf Coast July 8 as a Category 1 storm, leaving a trail of death and destruction in its wake.
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.
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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.
Shutterstock
Galt Power Fined $1.5M Following Anti-Manipulation Investigation
FERC approved a $1.5 million civil penalty on Galt Power following an investigation finding manipulation violations in the creation of renewable energy credits.
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AEP Selects Industry Veteran as Next CEO
American Electric Power's Board of Directors selected industry insider Bill Fehrman as its president and CEO, effective Aug. 1.
Senate ENR Committee
Conference Explores AI Solutions to Data Center Power Demand
Artificial intelligence may be driving new energy demand from hyperscale data centers, but it could also help find new solutions to meet that demand.
TerraPower
Bill Gates’ TerraPower Breaks Ground on Advanced Nuclear Plant
TerraPower broke ground on its Natrium reactor demonstration project in Wyoming, making it the first advanced reactor to enter construction.
NV Energy
NV Energy IRP Describes $1.76B Cost Jump for Greenlink Projects

Rising costs of materials and labor and an increased use of H-frame structures as an environmental mitigation have contributed to a $1.755 billion increase in the projected cost of NV Energy’s Greenlink transmission projects.

CAISO
Market Footprint Critical for EDAM Decision, NV Energy Says
The growing footprint of CAISO’s Extended Day-Ahead Market was a critical factor in NV Energy’s decision to join it rather than the competing Markets+ offering from SPP, the utility said in a regulatory filing.

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