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PJM proposes to end FERC MOPR policy that raised prices for state-subsidized resources


Dive Brief:
The PJM Interconnection is proposing to eliminate a controversial rule that effectively raises the price for state-subsidized resources, such as renewables and nuclear, bidding into its wholesale capacity market.
The grid operator on Wednesday laid out its proposal in an hours-long call with stakeholders, explaining that under its plan, the minimum offer price rule (MOPR) expanded through a 2019 Federal Energy Regulatory Commission ruling that attempted to combat price suppression in the capacity market would no longer apply to state-subsidized resources. Clean energy advocates praised the move as a win for state decarbonization goals.
PJM s proposal is in response to a series of FERC technical conferences focused on the future of wholesale power markets. Some competitive generators, including Calpine which led the initial complaint that prompted the expanded MOPR on Tuesday argued in comments before FERC that the ruling remained appropriate and s ....

Richard Glick , Tom Rutigliano , Todd Snitchler , Casey Roberts , Sierra Club Environmental Law Program , Power Supply Association , Energy Regulatory Commission , Forward Clean Energy Market , Natural Resources Defense Council , Vistra Energy , Dive Brief , Sierra Club , Environmental Law Program , Manu Asthana , Natural Resources Defense , New England Independent System Operator , Competitive Auctions , Sponsored Policy Resources , Forward Clean Energy , Electric Power Supply Association , ரிச்சர்ட் க்ளிக் , டோம் ருத்திகிலியானோ , வழக்கு ராபர்ட்ஸ் , சியரா சங்கம் சுற்றுச்சூழல் சட்டம் ப்ரோக்ர்யாம் , பவர் விநியோகி சங்கம் , ஆற்றல் ஒழுங்குமுறை தரகு ,

Summary of FERC Meeting Agenda for February 2021 | White & Case LLP


Electric
E-1 – Calpine Corporation, Dynegy Inc., Eastern Generation, LLC, Homer City Generation, L.P., NRG Power Marketing LLC, GenOn Energy Management, LLC, Carroll County Energy LLC, C.P. Crane LLC, Essential Power, LLC, Essential Power OPP, LLC, Essential Power Rock Springs, LLC, Lakewood Cogeneration, L.P., GDF SUEZ Energy Marketing NA, Inc., Oregon Clean Energy, LLC, and Panda Power Generation Infrastructure Fund, LLC v. PJM Interconnection, L.L.C., PJM Interconnection, L.L.C. (Docket Nos. EL16-49-006, ER18-1314-010, & EL18-178-006). On June 29, 2018, the Commission issued an order addressing two underlying proceedings that were initiated due to increasing out of market support or state subsidies that were having a suppressive effect on the price of capacity procured by PJM Interconnection L.L.C. (PJM) through its Reliability Pricing Model (RPM) capacity market (June Order). In the first underlying proceeding, Calpine Corporation (Calpine) and other generation entities ....

United States , Sierra Nevada , Springville Dam , New Mexico , Cowlitz Falls , City Of Quincy , Wisconsin Electric Power Company , Carroll County , Cattaraugus Creek , New York , Lake Powell , San Juan County , Lewis County , City Of New York , San Francisco River , Hoopa Valley , Colorado River , Catron County , Greenlee County , Rock Springs , H Peter Young , Rebecca Haugh , Michaelg Deckert , Michaelh Hayden , Energy Regulatory Commission , Midamerican Energy Company ,

FERC needs to know that 'investor confidence' matters


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The following is a contributed article by Steven Schleimer, senior vice president of government and regulatory affairs at Calpine Corporation.
In his dissent to a Nov. 19, 2020, Federal Energy Regulatory Commission Order on Rehearing related to ISO New England s Competitive Auctions with Sponsored Policy Resources (CASPR) construct (Docket ER18-619-001), Chairman Richard Glick questions the need for a Minimum Offer Price Rule (MOPR) and whether the concept of investor confidence  should be a lodestar  that matters in FERC s decision-making. Regardless of how the debate on any particular market mechanism plays out, it is of course true that investors countenance investments based on the expectation that they can recover their capital (including an adequate return). The key market design question is whether investors or ratepayers should bear the risk that the investment choices were sound. ....

United States , Richard Glick , Steven Schleimer , Calpine Corporation , Energy Regulatory Commission Order On Rehearing , Federal Energy Regulatory Commission Order , Competitive Auctions , Sponsored Policy Resources , Chairman Richard Glick , Minimum Offer Price Rule , New England , ஒன்றுபட்டது மாநிலங்களில் , ரிச்சர்ட் க்ளிக் , கல்பைன் நிறுவனம் , கூட்டாட்சியின் ஆற்றல் ஒழுங்குமுறை தரகு ஆர்டர் , போட்டி ஏலம் , ஆதரவளிக்கப்பட்ட பாலிஸீ வளங்கள் , தலைவர் ரிச்சர்ட் க்ளிக் , குறைந்தபட்சம் சலுகை ப்ரைஸ் ஆட்சி , புதியது இங்கிலாந்து ,