Many see a higher cap as a windfall for nuclear and coal.
Still Beyond the Pale?
New rule would align price settlements with real-time dispatch.
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.
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...
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.
Interest rates not always controlling for return on equity.
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…