On March 1, 2018, President Donald Trump said that his administration would begin imposing a 25% tariff on imported steel and a 10% tariff on imported aluminum as early as the next week.  The President’s unexpected announcement came after the Department of Commerce concluded on February 16, 2018, that the importation of steel and aluminum threaten national security.  View Full Post
On December 29, 2017, FERC conditionally accepted revisions to the Joint Operating Agreement (“JOA”) between PJM Interconnection, L.L.C. (“PJM”) and Midcontinent Independent Operator System, Inc. (“MISO”) that are intended to improve the coordination of resources that are pseudo-tied between the two regional transmission organizations (“RTOs”).    View Full Post
On December 8, 2017, FERC issued an order on remand, rejecting PJM Interconnection, L.L.C.’s (“PJM”) proposed revisions to the minimum offer price rule (“MOPR”) in its entirety, reinstating PJM’s prior FERC-approved market design.  FERC further determined that it would not require PJM to rerun the markets for the period in which the now defunct MOPR rules were in operation, as doing so would be burdensome and significantly disrupt the market.  View Full Post
The California Independent System Operator Corp. (“CAISO”) is moving forward on a slate of proposals which are intended to enhance grid reliability.  These proposals include addressing issues related to generation retirement, entering into a specific reliability must-run contract, modifications to incentives related to the resource adequacy program, as well as adjusting the compensation given to its Board of Governors (the “Board”).  View Full Post
On October 20, 2017, FERC approved the California Independent System Operator Corporation’s (“CAISO”) proposal to revise tariff language as it relates to the procurement and cost allocation of black start capability.  Under the proposed changes, black start capability will be redefined as a reliability service instead of an ancillary service, with costs for black start services to be allocated to the participating transmission owner in whose service area the resource is located.  View Full Post
On October 3, 2017, FERC conditionally approved proposed revisions to the MISO-PJM Joint Operating Agreement (“JOA”) to create a new category of small interregional transmission projects, termed target market efficiency projects (“TMEPs”), intended to address congestion along both regional transmission organizations’ (“RTOs”) seams.  View Full Post