Tuesday
Jun172014

ISO-NE CEO visits NECN to discuss natural gas dependency, other challenges affecting the regional grid

The New England Cable News (NECN) station welcomed Gordon van Welie, president and CEO of ISO New England, on June 10, to be a guest on their show “CEO Corner,” hosted by business editor Peter Howe.

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Friday
Jun132014

ISO-NE welcomes Connecticut government officials to new Windsor Backup Control Center

State commissioners from Connecticut’s Public Utilities Regulatory Authority (PURA) and officials from the Division of Emergency Management and Homeland Security (DEMHS) toured the newly completed Backup Control Center (BCC) located in Windsor, Conn., earlier this week. The objective of the tour on June 10 was to inform key energy and emergency officials in the state of the purpose and capabilities of the ISO’s new BCC.

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Wednesday
Jun112014

FERC accepts tighter timeframe for reponses to non-price retirement requests in FCA

The Federal Energy Regulatory Committee (FERC) issued a letter order on June 4, 2014, accepting a tighter deadline for providing notice of intent to retire an existing capacity or demand resource despite rejection of a non-price retirement request (NPRR). The proposed rule change was filed in April by ISO New England and the New England Power Pool (NEPOOL) in order to improve the function of the Forward Capacity Auction (FCA).

Effective June 9, 2014, resource owners in these cases must notify the ISO of the intent to retire a resource no later than 15 days prior to the commencement of the FCA. Previously, notification was required within six months of the ISO’s notice that the NPRR was not approved.

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Thursday
Jun052014

U.S. Court of Appeals for the DC Circuit vacates FERC Order 745

Updated on Tuesday, July 1, 2014 at 2:00PM by Registered CommenterISO New England

The Federal Regulatory Energy Commission (FERC) Order 745, which required competitive markets to pay the full wholesale clearing price to demand-response (DR) resources participating in energy markets administered by independent system operators (ISOs) and regional transmission organizations (RTOs), was rejected in late May by the U.S. Court of Appeals for the District of Columbia Circuit. The court’s decision held that FERC lacks jurisdiction over DR and therefore had no authority to issue Order 745, and that FERC’s requirement that DR be paid the full clearing price was not “just and reasonable.” The court’s decision applies to FERC and its rules under Order 745; the ruling does not apply directly to ISO New England or other ISOs and RTOs. Therefore, until further actions are taken, the ISO’s current tariff and the demand-response rules contained in the tariff continue to apply.

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Tuesday
Jun032014

SPI News: FERC largely accepts ISO-NE’s Pay-for-Performance proposal and part of NEPOOL’s alternate proposal to help boost resource performance in New England

Unanimous decision of all four commissioners

The Federal Energy Regulatory Commission (FERC) issued an order on ISO New England’s “pay-for-performance” proposal to strengthen performance incentives in the Forward Capacity Market and the alternative New England Power Pool (NEPOOL) proposal that sought to make modifications mainly to the region’s energy markets. While FERC found that neither proposal was shown to be just and reasonable on its own, it largely accepted the ISO’s proposal (with modifications), and also accepted a portion of NEPOOL’s proposal to increase the Reserve Constraint Penalty Factor in the energy market during times of scarcity conditions.

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Tuesday
Jun032014

SPI News: FERC accepts ISO-NE and NEPOOL proposal to institute downward-sloping demand curve in New England’s capacity market

The Federal Energy Regulatory Commission (FERC) issued an order on
May 30, conditionally accepting the ISO New England and New England Power Pool proposal to implement a downward-sloping demand curve in the Forward Capacity Market. A sloped demand curve will help moderate price volatility over time and will also allow the removal of administrative pricing triggers, such as the Insufficient Competition and Insufficient Supply rules.

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