Dominion Says New PJM Dispatch Practice Raised Costs

Law360, New York (October 22, 2012, 8:57 PM EDT) -- Dominion Resources Services Inc. called on the Federal Energy Regulatory Commission on Monday to overturn PJM Interconnection LLC's new generation dispatch practice, arguing it was forcing it to incur some $40,000 daily in extra operating reserves charges.

In a complaint lodged with the commission, Dominion claims the new practice has shifted significant local operating reserves costs to load-serving market participants like Dominion, forcing them into the day-ahead market, where they can't be allocated reasonably.

PJM changed its dispatch practice in mid-September, moving high-cost resources from the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.