The members of the Federal Energy Regulatory Commission on Jan. 5 granted a November 2016 request from James River Genco LLC for a limited waiver of the deadlines set forth in Attachment DD of the PJM Interconnection Open Access Transmission Tariff (OATT) with respect to its Hopewell Generating Station.
James River stated that the waiver is necessary to allow PJM and the Market Monitoring Unit to process James River’s request for its facility to be excepted from the must-offer requirement for the May 2017 Reliability Pricing Model (RPM) Base Residual Auction (BRA) for Delivery Year 2020-2021 and all subsequent RPM auctions.
James River noted that, for the 2020-2021 BRA, the deadlines for submitting the preliminary and final exception requests to PJM and the Market Monitor were Sept. 1, 2016, and Dec. 1, 2016, respectively.
James River explained that its facility will be deactivated by May 31, 2017. Thus, it will be physically unable to participate in the BRA that is scheduled to commence on May 10, 2017, and in all subsequent RPM auctions. According to James River, it submitted a notice of deactivation to PJM, which PJM approved It stated that, on July 29, 2016, the Market Monitor concluded that deactivating the facility does not appear to raise market power issues.
According to James River, its waiver request stemmed from an inadvertent error. An administrative oversight resulted in it missing the deadline for submitting a timely, preliminary exception request for the 2020-2021 BRA. James River states that, once the oversight was discovered, it acted diligently to correct the error by seeking a waiver.
FERC said in its Jan. 5 decision that it routinely grants waiver requests in cases like this.
In other related news:
- FERC and the Virginia State Corporation Commission in November 2016 approved applications from James River Genco LLC and City Point Energy Center LLC covering the sale to City Point of this plant. James River Genco owns and operates a 114.8-MW, coal-fired cogeneration facility located in Hopewell, Virginia, which is interconnected to the transmission system owned by Dominion Virginia Power and operated by PJM. This facility is a capacity resource in PJM and is located in the AP South submarket. After it is decommissioned, City Point intends to construct and operate a new 50-MW steam and electric generation facility firing a natural/landfill gas mixture. The steam host is Advansix Resins & Chemicals LLC.
- City Point Energy Center won a November 2016 approval from FERC for its proposed market-based rate tariff and authorization to sell energy, capacity, and certain ancillary services at market-based rates in the PJM balancing authority area. A company contact is: Anand Gangadharan, City Point Energy Center LLC, 23955 Novi Road, Novi, MI 48375, Tel: (248) 735-6884, email@example.com.