PJM

The Perils of Ignoring Mother Nature

Experts say utilities' inconsistent approach to weather risk is costing them dearly.

Since their creation, energy companies have been powerless to defend themselves against the weather’s financial impact on business. No longer. An overview of what weather risk management has achieved.
Byline: 

Jennifer Alvey

Read Entire Article

Three-Legged Stool

The smart money now treats transmission as a player. Just like generation. Just like load.

Over at the Federal Energy Regulatory Commission, new chairman Pat Wood has let it be known if he had been in charge, he would have postponed Order 2000.
Byline: 

Bruce W. Radford

Read Entire Article

The Economists: On the Future of Energy Markets

Uncertainty clouds direction of FERC’s market engineering.

The failure of California markets, Enron, and the low-point of the merchant plant business cycle has left many executives pessimistic over the prospects that true competitive markets in energy will develop. Top economists discuss the industry’s outlook.
Byline: 

Mark Hand

Read Entire Article

The Perils of Greenfield Gas Development

Sempra promised regulators they’d build a new utility, but Nova Scotia is still waiting.

A major gas discovery offshore Nova Scotia-3.5 trillion cf, based on conservative estimates-is generating healthy financial earnings for participating producers and pipelines. But residents and small businesses in Nova Scotia aren't seeing a molecule of gas flowing their way.
Byline: 

Mark Hand

Read Entire Article

Making Markets Work: How ISO Rules Still Cause Problems

How obscured spot prices, unhedgeable basis differentials, unreliable and financially insecure clearing practices inhibit market liquidity.

To date there has been little clarity as to how the physical and financial markets would work together to eliminate the need for continued price regulation, as FERC has proposed.
Byline: 

Becky Kilbourne and Robert Maxant

Read Entire Article

The Rules of the Grid: Transmission Policy and Motives Gehind It

Making sense of RTO Week, the mediation talks, and FERC's promised new rulemaking.


 

Making sense of RTO Week, the mediation talks, and FERC's promised new rulemaking.

Dynegy's senior vice president Peter Esposito didn't think much about the celebrated mediation talks on forming a single, unified transmission grid for the Northeast U.S.

Byline: 
Bruce W. Radford
Read Entire Article