Six out of eight members of the New York Power Pool have asked the Federal Energy Regulatory Commission to approve a request to provide electricity, installed capacity and ancillary services at...
New York Utilities Ask for Market-Based Rates
Six out of eight members of the New York Power Pool have asked the Federal Energy Regulatory Commission to approve a request to provide electricity, installed capacity and ancillary services at market-based rates in the state's restructured market.
Included in the Aug. 15 filing are market power analyses for individual members and a plan for monitoring the proposed New York ISO. According to the utilities, the analyses demonstrate that the market under the proposed industry structure will be workably competitive. They also support the market-based rate proposal. Once restructuring has taken place, the proposed monitoring plan will provide information on market conditions and will enable the FERC to evaluate effects of restructuring.
The six companies are: Central Hudson Gas & Electric Corp., Consolidated Edison Co. of New York, Inc., New York State Electric & Gas Corp., Niagara Mohawk Power Corp., Orange and Rockland Utilities Inc., and Rochester Gas and Electric Corp. The other two pool members are the New York Power Authority and Long Island Lighting Co. The NYPA is not subject to FERC's wholesale rate regulation. LILCO did not join the six utilities in filing for authority to charge market-based rates.
On Jan. 31, the members had filed a comprehensive proposal with the FERC to establish a state independent system operator, a reliability council and a power exchange.
Articles found on this page are available to Internet subscribers only. For more information about obtaining a username and password, please call our Customer Service Department at 1-800-368-5001.