Resource Adequacy
Resource adequacy is the ability of electric grid operators to supply enough electricity at the right locations, using current capacity and reserves, to meet demand. It is expressed as the probability of an outage due to insufficient capacity.
Pay-for-Performance credits accumulated during capacity scarcity conditions June 24 totaled about $114 million, ISO-NE's COO told the NEPOOL Participants Committee.
Three clean energy trade groups asked DOE to reconsider its recent report on resource adequacy, which they contend uses a deterministic approach to stake out a position for not retiring any more power plants in the face of rising electricity demand.
The New England Power Generators Association is seeking immediate action from FERC to address what it calls “serious flaws” in the design of ISO-NE’s pay-for-performance mechanism.
Duke Energy reported earnings of $1.25/share for the second quarter, and its CEO told analysts the company also came out ahead with state and federal legislation.
Google reached demand response agreements with Indiana Michigan Power and the Tennessee Valley Authority to reduce power use by its data centers during critical periods.
The Public Service Enterprise Group is waiting for New Jersey to address the region’s predicted energy shortage as the utility continues to see a dramatic rise in potential demand from data centers.
Exelon's CEO said on an earnings call that the company remains interested in the possibility of utility-owned generation.
The pace of load growth has picked up across Eversource Energy’s service territories in the Northeast, the company said during its second-quarter earnings call.
Southern Co.'s second-quarter earnings were down slightly from the prior year, but executives said they expect healthy growth from the continued addition of large loads such as data centers.
American Electric Power and Xcel Energy say clean energy projects are still a part of their plans, despite the hurdles placed in front of them by the federal government’s budget reconciliation bill.
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