IESO

Pattern Energy Acquires a One-Third Interest in 270-MW K2 Wind Power Facility

Pattern Energy Group (Pattern Energy) closed the previously announced acquisition of a one-third interest in the 270-MW K2 Wind Power Facility in Ontario from Pattern Energy Group LP (Pattern Development). Pattern Energy will hold a 33% equity interest in the facility, which is equally co-owned by Samsung Renewable Energy and Capital Power.

ITC Files Permit Application with Canada's National Energy Board for the Lake Erie Connector Project

ITC Lake Erie Connector, a wholly owned subsidiary of ITC Holdings Corp., filed a major permit application with Canada's National Energy Board (NEB) for the ITC Lake Erie Connector transmission line. The ITC Lake Erie Connector is a proposed 1000 MW, bi-directional, HVDC merchant transmission line that will provide the first direct link between the markets of the Ontario Independent Electricity System Operator (IESO) and PJM Interconnection (PJM).

Digest

ISO New England approves Northern Pass transmission project; Southern California Edison selects Quanta PAR to build Tehachapi transmission line segments; Pennsylvania PUC approves PPL $335 million grid project; Southern Company completes smart grid investments; U.S. Army Reserve contracts ConEdison Solutions for efficiency and maintenance support services; plus announcements and contracts involving Honeywell, Stor Generation, Salt River Project, Landis+Gyr, Abengoa, Constellation, and others.

Hidden Predictability

Mining price signals in Ontario’s electricity market.

Hourly spot prices in Ontario power markets reveal no particular pattern – that is, unless you plot the price as a monthly average.