Commission Watch

No Fuel, No Power

Lessons from New England on electric-gas market coordination.

Despite the hype about cheap gas, pipeline constraints are creating new risks. New England’s wholesale power prices ran three times as high this past February compared to the same month in 2012.

Entergy's Power Play

The ITC merger and link-up with MISO.

The thing to know about Entergy’s bid to join the Midwest ISO—and its plan to first sell its transmission lines to burgeoning grid giant ITC—is just how many moving parts are involved.

First Refusers

Order 1000, the RTOs, and the power of incumbency.

In Order 1000, FERC wanted—among other things—to open grid development to private developers. But FERC’s natural allies—the regional transmission organizations—are refusing to go along with this new vision.

Very Roughly Commensurate

Analyzing the Order 1000 comply filings from non-RTO regions.

Last fall, utilities across the country began filing tariffs with FERC to explain how they’ll comply with Order 1000. That’s quite a handful, but maybe not a stretch for the RTOs. Not so for the non-RTO regions.

Trading on a Knife Edge

The Deutsche Bank case and the meaning of ‘price manipulation.’

A few months back, the Federal Energy Regulatory Commission directed Deutsche Bank Energy Trading LLC to show cause why it shouldn’t be assessed a civil penalty of $1.5 million and be made to return some $123,000 in allegedly unjust profits from power trading in markets run by the California ISO.

How Much is Enough?

Utilities face rate pressure as financing costs hit rock bottom.

(November 2012) Fortnightly’s annual rate case survey is designed to give readers a look at rates of return on equity (ROE) awarded in state-level retail base rate proceedings for electric and natural gas utility companies. An examination of the reasoning and commentary contained in these orders provides a glimpse into economic factors considered by regulators as they seek to balance the interests of investors and consumers when authorizing utility ROEs.

A Pricey Peninsula

Michigan chafes over regional grid planning, providing a policy lesson for the feds.

High prices have turned Michigan against regional planning -- a possible foretaste of what to expect under FERC Order 1000.

RTO Tango

PJM and MISO ran from the altar once before. Now there’s talk of a shotgun wedding.

Utilities in the Midwest ISO want greater access to sell into PJM’s lucrative market. But that might require a virtual merger of the two RTOs — a move rejected seven years ago as too costly, and perhaps still impractical today.

PURPA Wars

Why Idaho is fed up with renewables.

Idaho Power has more wind power than it can use—so much that it’s costing its ratepayers a bundle. It wants out, so it won’t have to buy from all the small wind farms that claim “QF” status under the 1978 PURPA law.

It's the Money, Not the Fish

Bonneville Power, wind curtailments and the bigger picture.

Asset owners in the Northwest cry foul as the Bonneville Power Administration struggles to reconcile FERC orders with its operational realities. The battle between wind and water has blown up into a regional conflict over transmission tariffs.