FERC accepted CAISO’s proposal to allow for storage resources to bid above the ISO’s $1,000/MWh soft offer cap in the real-time market to account for their intraday opportunity costs.

New Jersey last year put an additional 62,426 new EVs on the road, a 68% increase over 2022, which has prompted some advocates to suggest the state is in reach of its goal of having 330,000 EVs in the state by 2025.

The D.C. Circuit Court of Appeals vacated and remanded an order by FERC approving a natural gas pipeline in New Jersey that state regulators said was unneeded.

The PJM MRC endorsed one of two proposals to revise how the RTO uses reserve resources, approving a deployment scheme where instructions are sent by basepoints, while rejecting a parallel proposal to grant operators the ability to dynamically increase market procurements.

MISO has multiple planning topics to tackle on the horizon, with work involving an update of merchant HVDC interconnection procedures, making expedited transmission project reviews more manageable, and evaluating co-located load and generation seeking interconnection.

FERC said it needs more explanation behind MISO’s plan to use a capacity accreditation that would accredit resources based on a combination of their projected availability and historical performance during periods of high system risk.

FERC approved NYISO’s proposed tariff revisions to more accurately accredit natural gas resources’ capacity, but the commission delayed their implementation until 2026.

MISO plans to pursue a more straightforward, 50% peak load megawatt cap to limit the number of generator interconnection requests it will accept annually.