Washington Energy Report - December 8

FERC Approves Changes to PJM Capacity Market

On November 28, 2014, the Commission conditionally accepted PJM Interconnection's ("PJM") proposed modifications to several of the key pricing elements used to clear PJM's capacity market auctions, subject to PJM making a compliance filing removing a proposal relating to location-specific price elements. The Commission found that these changes were reasonably needed for PJM to achieve an acceptable level of reliability over the long-term.  [Read more →]

FERC, NERC and CAISO Settle 2011 Southwest Blackout Claims

On November 28, 2014, FERC approved a Stipulation and Consent Agreement ("Agreement") between its Office of Enforcement ("Enforcement"), the North American Electric Reliability Corporation ("NERC") and the California Independent System Operator Corporation ("CAISO") relating to the 2011 Southwest blackout in Southern California, Arizona and Northern Baja Mexico that affected 2.7 million customers. Under