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Dominion to Place Over 1,200 MW of Older Generating Capacity into "Cold Reserve"

LCG, January 19, 2018--Dominion Energy announced Wednesday that it plans to place nine older, inefficient electric generating units located at five power plants in Virginia into a cold reserve. The units have a combined capacity of 1,208 MW but account for less than one percent of the company???s generation. The nine units could be restarted if necessary, according to the company.

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TEP Plans to Add New Wind Energy Project

LCG, January 18, 2018--Tucson Electric Power (TEP) plans to issue a request for proposals (RFP) today for the design and construction of new wind energy resources to provide 100-150 MW of wind energy from resources that interconnect with TEP's system or deliver power through a third-party firm transmission service.

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Industry News

FERC Proposes Standard Market Framework

LCG, March 13, 2002--The Federal Energy Regulatory Commission (FERC) presented an outline for nationally standardizing the U.S. energy market.

The Commission will provide a paper on standard market design involving the development of open-access transmission tariff which would fall under the administration of regional transmission organizers (RTO). RTO's will be responsible for preventing generators from influencing prices by withholding power.

After the Supreme Court Decision last week validating FERC's authority over wholesale transmission sales, the commission is in a position to dictate rules for the competitive market, taking control from the hands of state regulators.

FERC plans to instate a method for electricity pricing called Location Marginal Pricing (LMP), an approach used by mid-Atlantic PJM Interconnection LLC which allows those in the market to circumvent price risk from congestion.

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