September 28, 2024

Company News

© RTO Insider LLC
CPower Event Charts the Future of Virtual Power Plants
CPower hosted an event outside D.C. that charted the demand response's industry's evolution to a virtual power plant model that can help the industry manage the growing share of DERs coming onto the grid.
The Breakthrough Institute
Diablo Canyon Secures $1.1B DOE Award to Support Operations
The 2,200-MW PG&E plant will be the first recipient of federal funds being made available to shore up operations at U.S. nuclear plants that face imminent closure.
Platinum Equity Advisors
LS Power Purchasing 810-MW Combined Cycle Generator in Pa.
LS Power has entered into an agreement with Platinum Equity to purchase the 810-MW gas-fired Hunterstown Generating Station in Adams County, Pa.
FERC
Vitol to Pay $2.3M for CAISO Market Manipulation
FERC approved $2.3 million in penalties against Vitol and one of its traders for manipulating CAISO's market in 2013 to limit losses stemming from the firm's congestion revenue rights position.
© RTO Insider LLC
Citing California Law, FERC Rejects PG&E Request for RTO Adder
FERC rejected PG&E's request for an adder to its transmission rates based on its participation in CAISO, finding that California law precludes it from leaving the ISO without the state’s permission.
Shutterstock
Lights out for Avangrid’s PNM Acquisition

Avangrid has pulled the plug on its proposed $8.3 billion acquisition of PNM Resources, as final approval for the deal remains tied up at the New Mexico Supreme Court.

Duke Energy
FERC Nixes Duke Transmission Planning Proposal over Cost Threshold
FERC rejected a proposal Duke Energy filed to update its transmission planning process in the Carolinas due to a cost threshold in the proposal, saying other aspects of the filing seemed just and reasonable.
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FERC Picks ‘Balance Sheet Approach’ Exit Fee for Tri-State Members
FERC issued an order ending a couple years of litigation over what Tri-State can charge its exiting members, picking a "Balance Sheet Approach" initially proposed by departing member United Power and then modified by commission staff.
Shutterstock
FERC Reconsidering Blanket Authorizations for Investment Companies
FERC opened an inquiry into whether it should continue to grant blanket authorizations for holding companies to purchase public electric utility securities.
Entergy
Former Employee Details Failures at Entergy’s Grand Gulf
A former Grand Gulf nuclear plant employee testified he witnessed mismanagement by supervisors and was fired for refusing to revise audits documenting problems.  

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