FERC rejects California power plant complaint for failing to demonstrate compensation needs

摘要

In a move that could affect California’s power markets, FERC hasrnrejected a call for a reliability must-run contract or similar arrangementrnthat would increase a struggling power plant’s revenue.rnAt issue is a June complaint by the owner of the La Paloma powerrnplant who argued that Cal-ISO is forcing the 965 MW plant to operaterneven though it is losing money (EL16-88). Cal-ISO rejected requestsrnfrom the generator that it be allowed to temporarily shutter its units forrneconomic reasons. La Paloma, owned by Rockland Capital, contendsrnthat Cal-ISO’s actions are a regulatory taking, a legal term describing arnregulation that deprives an owner the value of its property.