MISO

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.

Chasing the Uncatchable

Why trying to fix mandatory capacity markets is like trying to win a game of Whack-A-Mole (Parts I & II)

FERC has little to show for more than a decade of tinkering with mandatory capacity markets.

FERC Chasing the Uncatchable

Trying to fix mandatory capacity markets like trying to win at Whack-A-Mole, Part II

The proposals do not mandate participation in mandatory auction markets, much less try to set artificial floors on seller bids.

The Long and Short of Grid Congestion

FTRs make hedging possible, but can PJM ensure full funding without playing favorites?

Financial traders believe PJM’s proposal discriminates since they are more likely to hold counter-flow FTRs.

Harbinger or Anomaly?

As it becomes more routine for developers to offer cost containment commitments, it will become increasingly difficult for RTOs to ignore the cost impact of proposals.

Are recent transmission developer selections based on cost containment a harbinger of the future or just an anomaly?

The Rise and Fall of Big Transmission

The alternatives may make more sense.

After 10 years of dramatic announcements and proposals, the reality today is that Big Transmission has fallen and it won't be getting up - not even for the Clean Power Plan. And the fall of Big Transmission is not a public policy failure. Rather, it never did make sense.

EPA's Clean Power Plan

Charting a Path Forward

With respect to the Clean Power Plan, the question is whether EPA will address the major issues and reinforce its positions in advance of the anticipated legal challenges.

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.