December 21, 2024

Public Service Enterprise Group (PSEG)

Doubts About Balancing Markets, State Policies in Diverse PJM
In response to a request for comments on paths to reconciling policies and wholesale markets, PJM officials told FERC they are pursuing three initiatives.
PJM Sticks with LS Power on Artificial Island Project
PJM officials reaffirmed their selection of LS Power for the stability fix at Artificial Island, rejecting a rival plan from PSE&G.
PSEG Becoming Energy Marketer in ‘Defensive Move’
PSEG has received approval to operate as a third-party supplier of retail electric energy in New Jersey and eastern Pennsylvania.
NYISO Members OK End to Con Ed-PSEG Wheel
The NYISO Management Committee approved an agreement with PJM to end the 1,000-MW Con Ed-PSEG wheel next year while maintaining an operational base flow of 400 MW.
PJM Third-Quarter Earnings Roundup
Several companies doing business in the PJM footprint, including PPL, PSEG and Exelon, reported their third-quarter earnings results last week.
ISO-NE Auction Rehearing Requests Denied
FERC rejected requests for rehearing of its order accepting the results of the ISO-NE 10th Forward Capacity Auction.
RTO Insider Top 30: Revenues, Earnings Down in Q2
The second quarter wasn’t a great one for most companies in the RTO Insider Top 30, as revenues declined 2% compared with 2015 while profits dropped 15%.
PJM Planning Committee and TEAC Briefs
PJM planners have begun studying a redesign of the Transmission Expansion Advisory Committee process. And the Planning Committee prepared for the 2016 reserve requirement study.
Generation Owners Seek to Block EDC-Pipeline Deals
PSEG and NextEra petitioned FERC to block New England states’ efforts to have electric ratepayers underwrite the cost of expanded natural gas pipelines.
FERC Approves ISO-NE FCA 1 Refund Plan
ISO-NE will issue more than $20 million in refunds to resources that were prevented from reducing their capacity offers in FCA 1.

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