PJM

Category Error

The trouble with treating grid projects as market players in New York’s capacity auction.

Transmission is not generation. Yet New York ISO makes grid projects qualify as competitive, like gen plants, to get to play in its capacity market.

Partnership, Not Preemption

How state-sponsored planning can fit with FERC’s capacity markets.

FERC-approved capacity markets and state-sponsored resource planning serve different needs. The one shouldn’t pre-empt the other.

Tranche Warfare

The experts do battle over capacity market design.

A FERC conference this fall aired new major policy options for capacity markets. Amid the battle, ISOs are making tactical adjustments.

Innovation Mandate

Meeting the just-and-reasonable standard in a time of change.

Who can say for sure if markets are working? The landscape keeps shifting.

Game Changers

State regulators address transformative forces.

In Fortnightly’s Regulators’ Roundtable, commissioners from Idaho, Illinois, and Minnesota consider transformative forces and the regulatory response.

Sound and Fury

How NIPSCO feels leaned on.

Northern Indiana Public Service, the MISO member sandwiched between PJM’s Ohio territory and its noncontiguous Chicago outpost, feels particularly aggrieved by the failure of the MISO-PJM Joint Operating Agreement, approved by FERC in 2004, to facilitate cross-border grid projects to relieve constraints along the ragged and interlaced seam that separates the two regions.

Five Years Later

Wall Street is back in business. What’s next for utility finance?

When Lehman Brothers went bankrupt in September 2008, it marked the beginning of a financial crisis. By most accounts, the utility industry has been a picture of stability through tumultuous times. The view from Wall Street remains bullish – despite some reasons for concern.

Cross-Border Bargaining

Interregional grid planning under FERC Order 1000.

Territorial fights emerge in the interregional transmission plans proposed for compliance with FERC Order 1000.

Walking the Fuzzy Bright Line

The legality of state ROFR laws under FERC Order 1000.

States have passed laws to bypass FERC Order 1000 and its reforms favoring private grid developers. Could those laws themselves fall under attack?

Energy Disconnect

Misguided policies threaten resource adequacy.

Resource planning is grinding to a halt. From EPA regulations to irrational markets, today’s policy missteps threaten tomorrow’s reliability.