FERC ordered hearing and settlement procedures in a dispute over reliability-must-run agreements filed by Calpine for generators in CAISO.

CAISO and PG&E are opposing the terms of a reliability-must-run (RMR) agreement for 2 California natural gas-fired plants that Calpine submitted with FERC.

The CAISO Board of Governors approved two measures intended to prevent the early retirement of unprofitable but needed generation in California.

Calpine reported Wednesday that it earned $225 million in the third quarter ($0.63/share), down 24% from $295 million ($0.83/share) a year earlier.

The Gulf Coast Power Association’s 32nd Annual Fall Conference attracted several hundred attendees to the Texas state capital.

Calpine announced it has agreed to be acquired by Energy Capital Partners and other investors for $5.6 billion in cash.

Calpine, PG&E and Southern California Edison released their second-quarter earnings results last week.

Following FERC’s technical conference on tensions between wholesale electric markets and policy initiatives, the commission invited comments on five paths.

A study released by the American Petroleum Institute said policy makers should seek “reliability attributes,” which natural gas is “relatively advantaged” in.

The leaders of Exelon, Linde, American Municipal Power, Calpine and Direct Energy had different takes on changes in the industry at the PJM Annual Meeting.