November 15, 2024

Public Service Enterprise Group (PSEG)

PJM
PJM Stakeholders Clash Over “Heart” of Containment Provisions
Stakeholders plowed through several hours of material at a special PJM Planning Committee session on whether the RTO should include cost containment provisions in its analysis of competitive bids for new transmission.
PSEG to Pay $39.4M to Settle FERC Investigation
The energy trading arm of Public Service Enterprise Group (PSEG) agreed to pay $39.4 million to settle a FERC investigation into violations of PJM energy market bidding rules over 9 years.
BHI Energy
PJM: Won’t Abandon AI Project on Nuke Closure Threats
PJM won’t abandon the Artificial Island transmission project because of threats to close the two nuclear plants it’s intended to support, the RTO said.
NJ Lawmakers Pass Nuke Subsidies, Boosted RPS
The New Jersey Legislature passed abill that would create a zero-emission certificate (ZEC) subsidy for nuclear power plants.
PSEG
FERC Investigation Shows PSEG Violated PJM Bidding Rules
FERC said that a preliminary investigation indicates that PSEG committed multiple violations of PJM market-bidding rules and made “false and misleading statements” to RTO staff.
BHI Energy
Del. Group Seeks to Block Artificial Island Project
A Delaware demand-side group has asked the PJM Board of Managers to again suspend the Artificial Island transmission project.
PSEG
FERC OKs Lower Delist Threshold in ISO-NE
FERC approved ISO-NE’s reduction in the dynamic delist threshold for Forward Capacity Auction 13, turning aside protests by generators.
PSEG Head Confident Nukes Will Get Support
PSEG CEO Ralph Izzo expressed confidence that the company’s five nuclear power plants will receive subsidies through New Jersey legislation.
NJ Senate Ushers in Revamped Nuclear Bailout Bill
New Jersey Democrats introduced a reworked version of a nuclear bail-out bill that didn’t come to a vote in the state legislature’s recent lame-duck session.
Green Delaware
New Jersey Lawmakers Pass on Nuke Bailout in Lame Duck Session
Exelon and PSEG will have to wait until the next session of the New Jersey Legislature for a vote on a bill to provide payments to the state’s nuclear fleet.

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