ISO New England (ISO-NE)
Three New England states are combining their buying power to purchase clean energy resources and transmission to deliver it.
ISO-NE asked FERC last week to reverse its order directing a market-based solution for the next winter reliability program.
FERC once again dashed the hopes of the New England congressional delegation seeking to challenge the results of last year’s ISO-NE capacity auction.
ISO-NE chose Eversource Energy and National Grid to build a $740 million land-based transmission project to solve reliability problems in the Boston area, rejecting a more expensive undersea cable proposal by NextEra.
The 36% increase in prices in last week’s ISO-NE capacity auction likely represents the peak for the foreseeable future.
New generators from Exelon, LS Power and Competitive Power Ventures were the apparent winners in ISO-NE's capacity auction, while NRG Energy and Public Service Enterprise Group walked away empty handed.
The ninth Forward Capacity Auction in ISO-NE saw prices increase by about one-third as 1,400 MW of new resources cleared to replace retiring coal plants.
A Massachusetts state legislator whose district includes Brayton Point has filed legislation that would revamp the state’s energy landscape.
FERC dismissed a challenge to the pricing rule for new generation in ISO-NE, which Exelon and Calpine had wanted tossed in advance of this week’s FCA.
FERC issued an order to show cause against Maxim Power, telling the Canadian independent power producer to explain why it shouldn’t have to pay a $5 million fine for allegedly misrepresenting the output of three of its generators in ISO-NE.
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