Company News
FERC
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.
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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.
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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 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 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.
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FERC opened an inquiry into whether it should continue to grant blanket authorizations for holding companies to purchase public electric utility securities.
Entergy
A former Grand Gulf nuclear plant employee testified he witnessed mismanagement by supervisors and was fired for refusing to revise audits documenting problems.
TransCanyon LLC
The proposed Cross-Tie transmission project is moving through the federal approval process with a targeted in-service date in 2027.
Wabash Valley Power Alliance
FERC issued an order rejecting supply contracts Wabash Valley Power Alliance had filed and set its tariff for hearings to determine whether it violates the commission's unbundling rules.
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