Natural Gas
Duke Energy, Dominion Resources and other partners last week proposed a 550-mile, $5 billion pipeline to carry natural gas from the Marcellus and Utica shale formations to Virginia and eastern North Carolina.
PJM yesterday proposed sweeping changes to the capacity market, including a new product, to address winter reliability concerns.
PJM will increase performance penalties and incentives and seek ways to incorporate firm gas transportation in energy prices under an initiative announced last week to reduce generator outage rates during winter.
PJM members approved yet another initiative to address reliability concerns over gas-fired generators, agreeing to consider changes to the way such units submit energy and capacity market offers.
PJM will likely change its planning assumptions based on an analysis that found a strong correlation between wind chill indices and generator outages.
As temperatures soared into the 80s outside PJM offices last week, stakeholders began debating how to avoid a repeat of the gas dispatch operational problems from last winter.
PJM planners will recommend almost $150 million in transmission upgrades in New Jersey to address reliability problems anticipated from the retirement of the B.L. England coal-fired generator.
Transcripts filed in Duke Energy's "stranded gas" complaint offer a behind-the-scenes look at PJM operations under extreme stress.
PJM told FERC last week it should allow a Duke Energy peaking plant to recover $9.8 million it spent on expensive natural gas it was unable to burn in January.
PJM issued a comprehensive report on its response to the historic power demand during winter’s deep freeze, adding nine proposed recommendations for action to five initiatives already underway.
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