November 15, 2024

December 2022 Winter Storm

© RTO Insider LLC
EBA Participants See Some Consensus in Gas-electric Harmonization Talks
The Energy Bar Association's Mid-Year Forum illustrated greater collaboration between than the electric and natural gas industries than normal.
PJM
PJM OKs 32% Cut in Elliott Penalties in Proposed Settlement
PJM agreed to reduce its nonperformance penalties 31.7% for generators that could not meet their capacity obligations during the December 2022 winter storm.
Shutterstock
Settlement Possible Between PJM And Several Generation Owners over Winter Storm Complaints
Several generation companies and PJM have indicated that they will finalize a settlement over the performance penalties the RTO assessed following Winter Storm Elliott.
GE Hitachi and TVA
TVA Resists Congressional Call to Achieve 100% Clean Energy Sooner
The Tennessee Valley Authority doesn’t appear ready to fast-track its decarbonization plans despite receiving a letter this month from 10 members of Congress urging it to chart a path to 100% clean energy by 2035.
Shutterstock
FERC Approves PJM Change to Emergency Triggers
FERC approved PJM's proposal to tighten the triggers initiating a performance assessment interval.
PJM
PJM Recounts Emergency Conditions, Actions in Elliott Report
PJM released a report on the December 2022 winter storm detailing its emergency actions and recommended changes to its markets and operations to limit the impact of future severe weather.
Thomas Hughes, CC BY-SA 4.0, via Wikimedia Commons
Kentucky Power Denied Winter Storm Cost Recovery, Fines Possible
Kentucky regulators rejected Kentucky Power's request to recoup fuel costs incurred during the December 2022 winter storm while raising the prospect of penalties.
© RTO Insider LLC
PJM MRC/MC Briefs: June 22, 2023
PJM stakeholders endorsed a proposal to create a cost recovery mechanism for generators which are required to make facility upgrades.
NERC
NERC Finds Grid Generally Reliable and Resilient
NERC found that the bulk power system was generally reliable and resilient in 2022, but forced outages among coal and natural gas plants hit their highest level in the decade.
FERC
FERC Approves More Extreme Weather Rules
FERC approved new rules intended to strengthen the grid against both extreme heat and cold weather events.

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