PJM asked FERC not to order changes to the RTO’s minimum offer price rule before May’s Base Residual Auction.

The Public Utiities Commission of Ohio (PUCO) unanimously approved modified versions of two controversial power purchase agreements for AEP and FirstEnergy.

Eleven generating companies have asked FERC to expand the PJM minimum offer price rule (MOPR) in time for May’s 2019/20 Base Residual Auction.

FERC ordered PJM  to change its method of calculating capacity market offer caps, saying it was inconsistent with its practice in the energy market.

PJM joined more than a dozen other parties in calling for a FERC review of power purchase agreements that would provide FirstEnergy and AEP a guaranteed return for their struggling generating stations in Ohio.

FirstEnergy reported fourth-quarter operating earnings of $0.58/share, compared with $0.80/share for the same period in 2014.

FERC approved FirstEnergy’s plan to spin off the transmission assets of three of its utilities into a new subsidiary.

Independent power producers and EPSA jointly filed complaints with FERC against power purchase agreements FirstEnergy and AEP have proposed to Ohio.

Dynegy has entered the Ohio power purchase agreement fray, floating an offer to PUCO that it said would save consumers in the state $5 billion.

Exelon has joined the opposition to FirstEnergy's attempts to win guaranteed payments for its Ohio power plants.