The settlement provides guaranteed income for the output of AEP's 2,671-MW ownership share of nine power plants.

When FirstEnergy announced that it had reached a settlement with PUCO staff to secure guaranteed rates for several of its merchant plants, the company found itself under attack by many of its former allies.

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.

MISO officials asked FERC staff last week to trust in its stakeholder process and not force capacity market changes that could increase exports.

FERC has begun a non-public investigation over allegations of improprieties in MISO's April capacity auction and will hold a technical conference on the matter Oct. 20.

Dynegy told FERC it should reject complaints over its bidding in MISO’s capacity auction last April, saying the challenges suffer from a “fatal” procedural flaw.

FERC has conditionally granted a request by MISO to create a 10th local resource zone, in Mississippi.

Illinois Attorney General Lisa Madigan joined industrial consumers in calling for changes to MISO's capacity auction rules.

MISO and its Market Monitor have joined Dynegy in denying allegations of improper conduct in the RTO’s Planning Resource Auction last April, which resulted in a nine-fold price increase in Zone 4.

Dynegy CEO Robert Flexon defended his company’s bidding strategy in MISO’s April capacity auction and said the controversy over the results signals the need for a regulatory change in Illinois.