New York regulators OK'd a contract to keep the struggling R.E. Ginna nuclear power plant operating through March 2017.

The Members Committee overwhelmingly agreed last week to fund a $450,000 budget for the Consumer Advocates of the PJM States (CAPS), in part through an assessment on electric customers.

NSTAR Electric had challenged the sale of five power plants in the Boston area worth about 2,654 MW from various entities to Constellation for $1.1 billion.

A proposal by the Consumer Advocates of the PJM States that the RTO fund the group’s $450,000 budget through an assessment on electric customers won support from state regulators and other load interests but drew sharp opposition from suppliers.

Exelon said first-quarter profit exceeded expectations, in part due to strong performances by PECO, Baltimore Gas and Electric and Constellation Energy.

FERC on Tuesday rejected the rate schedule proposed for the struggling Ginna nuclear power plant and ordered hearing and settlement proceedings.

The owner of the R.E. Ginna nuclear plant announced an agreement with Rochester Gas & Electric that will keep the plant operating for more than three years.

Negotiators trying to keep the Ginna nuclear power plant in New York financially viable have been given a three-week extension by state regulators.

Negotiations that could determine the future of the R.E. Ginna nuclear plant in upstate New York are set to conclude this week.

PJM IMM Joe Bowring said the RTO should exclude generators from participating in drafting cost development guidelines that determine their compensation.