FERC Rejects PJM's Proposal to Preserve Demand Response Should SCOTUS Uphold Vacating of Order No. 745
On March 31, 2015, the Commission denied a proposal from PJM Interconnection, LLC ("PJM") to modify the manner in which demand response resources participate in capacity auctions within the RTO. PJM's proposal was intended as a means of maintaining the participation of demand response resources in PJM's capacity market in the event that the U.S. Supreme Court upholds the D.C. Circuit's May 2014 ruling vacating Order No. 745 (see May 27, 2014 edition of the WER). [Read more →]
FERC Approves Dynegy's $6.25 Billion Acquisition of Merchant Generation from Duke and Energy Capital Partner
On March 27, 2015, FERC issued two separate orders approving Dynegy Inc. and Dynegy Resource I, LLC's (collectively, "Dynegy") $6.25 billion acquisition of merchant generators from Duke Energy Corporation ("Duke") and Energy Capital Partners LLC ("ECP"). Upon consummation of the acquisitions, Dynegy will own 100 percent equity interest in several ECP subsidiaries, a 49.5 percent equity interest in Elwood Energy (an ECP subsidiary), and 100 percent equity interest in Duke Energy Commercial Asset Management, LLC and Duke Energy Retail Sales, LLC. [Read more →]
FERC Revises Date for Available Transfer Capability Calculations Workshop
FERC has updated the date that it will convene a workshop to discuss standards for calculating Available Transfer Capability ("ATC") for wholesale electric transmission services. The workshop will now be held in the FERC Meeting Room on April 21, 2015. [Read more →]
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