Latest PJM Interconnection Stories
COLUMBUS, Ohio, March 22, 2012 /PRNewswire/ -- American Electric Power (NYSE: AEP) today made official notifications to regional reliability organizations PJM Interconnection and Southwest Power Pool (SPP) of the company's plan to retire more than 4,600 megawatts (MW) of coal-fueled power generation, primarily to comply with a series of U.S. Environmental Protection Agency (EPA) regulations. AEP was required to file its plan for plant retirements prior to PJM's auction in May...
AKRON, Ohio, March 20, 2012 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE: FE) today declared an unchanged quarterly dividend of 55 cents per share of outstanding common stock. The dividend will be payable June 1, 2012, to shareholders of record as of May 7, 2012. FirstEnergy is a diversified energy company dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies comprise one of the nation's largest investor-owned...
EAGLEVILLE, Pa., March 15, 2012 /PRNewswire/ -- PJM Interconnection's wholesale electric energy and capacity markets produced competitive results during 2011, according to the 2011 State of the Market Report for PJM, released today by Monitoring Analytics, LLC, the Independent Market Monitor for PJM. The Independent Market Monitor, Joseph Bowring, announced findings of the report today. The report is the Independent Market Monitor's annual assessment of the competitiveness of the...
FAIRMONT, W.Va., March 12, 2012 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that employees of its Mon Power Company, represented by the International Brotherhood of Electrical Workers (IBEW) Local 2357, ratified a new four-year contract agreement. The new contract took effect March 1, 2012, and expires Feb. 29, 2016. "With the ratification of this contract, we can continue to focus on our most important job: safely providing to our Mon Power customers the...
AKRON, Ohio, March 8, 2012 /PRNewswire/ -- FirstEnergy Generation Corp., a subsidiary of FirstEnergy Corp. (NYSE: FE), has filed an application for a feasibility study with PJM Interconnection (PJM) to install and interconnect to the transmission system approximately 800 megawatts (MW) of new combustion turbine peaking generation at its existing Eastlake Plant in Eastlake, Ohio, to help ensure reliable electric service in the region. PJM is a regional transmission organization...
MORRISTOWN, N.J., March 7, 2012 /PRNewswire/ -- Jersey Central Power & Light (JCP&L) is conducting aerial inspections of its overhead transmission power lines in northern and central New Jersey as part of the company's $200 million investment this year to improve service reliability. The aerial patrols - which began March 4 and will continue through March 16, weather permitting - are done in the spring and fall each year to help identify areas of JCP&L's transmission...
VALLEY FORGE, Pa., Feb. 29, 2012 /PRNewswire/ -- PJM Interconnection today filed with the Federal Regulatory Commission (FERC) two measures that emerged from its stakeholder process designed to reform the generation interconnection process and include public policy requirements in regional transmission planning. "PJM and its members recognized early on that the regional planning landscape was rapidly changing," noted Mike Kormos, senior vice president of operations. "The challenges...
AKRON, Ohio, Feb. 28, 2012 /PRNewswire/ -- FirstEnergy Nuclear Operating Company (FENOC) announced today that it has completed its Root Cause Analysis Report regarding the cause of the tight cracks identified in portions of the Davis-Besse Nuclear Power Station Shield Building during its fall 2011 reactor head replacement outage. The report has been submitted to the Nuclear Regulatory Commission (NRC). This extensive evaluation supports earlier analysis that concludes the structural...
MORRISTOWN, N.J., Feb. 28, 2012 /PRNewswire/ -- Jersey Central Power & Light (JCP&L) plans to invest nearly $200 million this year on projects designed to improve service reliability and help meet the increasing demand for electricity in northern and central New Jersey. "The substantial investments we plan to make this year and in the future are part of JCP&L's ongoing efforts to improve the quality of service we provide our customers," said Don Lynch, president of...
WASHINGTON, Feb. 24, 2012 /PRNewswire/ -- When Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, the goal was to re-regulate the financial system. But the act's broadly written rules on swaps inadvertently captured a gamut of day-to-day transactions carried out by the U.S. energy industry. In addition to creating heavy burdens, the new regulations have sparked a host of unanswered questions for power generators, resale merchants, traders and...
