ISO New England

Pay-As-Bid Revisited

Many see a higher cap as a windfall for nuclear and coal.

FERC’s new rulemaking proposal would allow generators to tender supply bids higher than $1,000 per megawatt-hour, if it really costs that much to buy fuel to generate power. Some opponents say that may be OK for gas-fired turbines, but it’s not needed for nuclear or coal-fired plants.

Topping the $1k Cap

Still Beyond the Pale?

Two decades into our grand experiment with wholesale power markets and we’re still debating the need for a cap on prices.

New York ISO and ISO New England Streamline Energy Exchange Between Regions

The New York Independent System Operator (NYISO) and ISO New England implemented a new interregional market system that will streamline electric energy transactions and improve the flow of power between the two markets. Introduced on December 15, Coordinated Transaction Scheduling (CTS) makes more efficient use of the transmission lines by enabling market participants to access the lowest-cost source of power between the two regions.

People (November 2015)

Steven D. Davis was elected to succeed Jessie J. Knight, Jr. as executive v.p. of external affairs and corporate strategy for Sempra Energy. Georgia Power named Dr. Mark Berry as v.p. of environmental affairs. FirstEnergy made management changes in customer service and utility operations areas of the company. GE appointed Stephan Reimelt as president and CEO of GE's power conversion business. Atlantic Power named Joseph E. Cofelice as executive v.p. of commercial development. The New York Independent System Operator (NYISO) named Bradley C. Jones as president and CEO. Entergy elected Philip L. Frederickson to its board of directors. And others...

Regulatory Roundup

2004 FERC roundup: Path 15 Upgrade; Gas Bypass Pipeline; Power Line Communications; Gen Station Power Needs; ISO Retail Service; Renewable Energy Portfolios; Gas Supply Risk; Fuel Cost Hedging; Utility Supply Solicitations; Provider of Last Resort; Coal Seam Gas; Deceptive Marketing Practices; Renewable Portfolio Standards.

Calpine Completes Purchase of Fore River Energy Center for $530M

Calpine completed the acquisition of Fore River Energy Center, a natural gas-fired, combined-cycle power plant located in North Weymouth, Massachusetts. Calpine purchased the 809-MW plant from Exelon for $530 million plus adjustments, or approximately $655 per kW. Built in 2003, the Fore River Energy Center features two combustion turbines, two heat recovery steam generators and one steam turbine.

Risk Holds Sway

Interest rates not always controlling for return on equity. 

(November 2014) Our annual survey of rates of return on common equity authorized by state public utility commissions in recent rate cases for electric and gas retail distribution utilities.

People (November 2014)

El Paso Electric named Mary Kipp president; Edison International appointed Ronald L. Litzinger and Pedro J. Pizarro presidents at subsidiaries; OGE Energy promoted Sean Trauschke to president; Alan Oshima was named Hawaiian Electric’s president and CEO; Plus board of directors changes at ISO New England and sPower; VP appointments at GDF SUEZ Energy Resources NA, and Georgia Power; and others…

People (August 2014)

Chairmen were elected to the Edison Electric Institute, including Theodore Craver (Edison International), Nicholas Akins (American Electric Power) and Thomas Fanning (Southern Co.); ISO New England changed its wholesale market management; Bechtel’s nuclear business line president, Greg Ashley, was elected to the Nuclear Energy Institute’s board of directors and executive committee. And others...