Monthly Archives: September 2012

AARP Files Comments with FERC on State Recommendations for Use of $104 Million Disgorged by Alleged NYISO Market Manipulator

On September 26, 2012, AARP filed Comments with the Federal Energy Regulatory Commission (FERC) regarding proposals made by state agencies for using a $104 Million fund from profits disgorged by an alleged manipulator of the New York Independent System Operator’s (NYISO’s) wholesale electricity spot markets.  Because it was impossible to ascertain with precision the harm Read more…

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FERC Threatens to Revoke JP Morgan’s Permission to Trade Electricity at Market Based Rates

Today in a Press Release FERC indicated it may revoke JP Morgan’s permission to trade wholesale electricity at unfiled market-based rates FERC Initiates Proceeding into Actions by JP Morgan The Federal Energy Regulatory Commission (FERC) today initiated a proceeding into whether J.P. Morgan Ventures Energy Corp. submitted misleading information and omitted material facts in communications Read more…

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Report Questions Need for New NYISO Capacity Market for Electricity

Capacity additions to the electric power grid in New York are from time to time needed to maintain reliability as demand grows or as old power plants are retired for various reasons.  Deregulation enthusiasts have proposed that the New York Independent System Operator (NYISO) create a mandatory long term forward capacity market mechanism to foster new power plant additions Read more…

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Syracuse Post Standard: AARP urges consumers to be cautious when dealing with energy marketers

The Post-Standard. — AARP today advised its 2.7 million members in New York state to be “extremely cautious” about buying electricity or natural gas from unregulated energy service companies, or ESCOs. The advice follows a report this week that ESCO prices on average have been significantly higher than prices charged by regulated utility National Grid. Read more…

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FERC ALJ Sets Date for Comments and Oral Argument Regarding Use of $104 Million Fund Disgorged by Alleged NYISO Market Gamers

The FERC ALJ who will make the initial FERC determination on allocation of a $104 million fund for the benefit of electric consumers has set dates for parties to comment on state recommendations, and for oral argument regarding inconsistent state agency recommendations from the PJM area.  In an Order issued September 14, 2012, FERC Deputy Read more…

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States File Recommendations with FERC for Use of Funds Disgorged by Alleged Wholesale Electric Market Manipulator

On September 10, 2012, “eligible” state agencies who are parties in FERC Case IN12-7 filed recommendations for allocation of a FERC fund disgorged by Constellation Energy Commodities Group (CECG) in settlement of a case investigating whether it had manipulated the wholesale bulk electricity markets, principally those of the New York Independent System Operator (NYISO).  To settle the Read more…

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UK Electricity Industry Privatisation and Price Cap Regulation, and the Rise of EDF

For an interesting review of UK electricity privatisation and the unanticipated replacement of state-owned utilities by state-owned EDF, and Spanish and German utilities, see James Meek, How We Happened to Sell Off Our Electricity, London Review of Books, September 13, 2012. The New Electricity Trading Arrangements were designed to bring prices down by making the Read more…

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Syracuse Post Standard: Consumer advocates win: Energy price comparison to be made public

SYRACUSE, N.Y. The Post-Standard– State regulators have decided that the public is entitled to an analysis comparing National Grid’s electric and natural gas prices to those of competing suppliers, a victory for consumer advocates over energy companies that had sought to keep the information a “trade secret.” If today’s ruling holds, two years worth of Read more…

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ALJs Rule that Differences Between ESCO Charges and Niagara Mohawk Charges are Not Trade Secrets Requiring Confidential Treatment (New York’s Utility Project)

In a Ruling issued September 7, 2012, the Administrative Law Judges (ALJs) presiding over the pending Niagara Mohawk electric and gas rate cases denied the motion of the Retail Energy Supply Association (RESA) which, on several grounds, sought to bar disclosure of information requested by PULP regarding the difference between bills issued by Niagara Mohawk Read more…

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