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Click to download SGT PDF issue dated August 22, 2014

TODAY'S HEADLINES
FERC paper delves into ISO/RTO price formation
FERC staff yesterday issued a on energy uplift in ISO/RTO markets under the commission's proceeding examining price formation in energy markets. Price formation issues got to the top of the heap after the polar vortex roiled eastern markets early this year, but the data in the staff report is from 2009 through last year . . . keep reading

Texas PUC revokes Proton Energy's license
The Texas PUC at its regular meeting yesterday quashed troubled retailer Proton Energy, moving its remaining customers to POLR service after a settlement with the commission to sell its retail book. That deal included having its principals prohibited from the retail market and a $400,000 fine, but the firm was unable to reach a deal to sell in time . . . keep reading

Pennsylvania PUC OKs tentative market order for comment
The Pennsylvania PUC yesterday told its Office of Competitive Market Oversight (OCMO) to move forward with the next phase of its investigation in the state's retail natural gas market. The commission voted 5-0 to issue a tentative order for comment that finds a probe into the retail gas market is needed and also outlines several issues for OCMO to examine in the course of the investigation . . . keep reading

Pennsylvania PUC OKs settlement with West Penn Power
The Pennsylvania PUC approved a $1.3 million settlement on an alleged violation of Act 129 electric consumption cutting requirements by West Penn Power, it said yesterday. The commission voted five to zero at its regular meeting yesterday to approve the deal between the firm, the Office of Consumer Advocate and the PUC's Bureau of Investigation and Enforcement . . . keep reading

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Gas futures rise as storage add surprises . . . keep reading

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