136 SCt 1288 April 19 2016 Seth Hollander Assistant Attorney General Connecticut Office of the Attorney General The views expressed here are not necessarily the views of the Connecticut Office of the Attorney General ID: 653946
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Hughes v. Talen Energy Mktg., LLC,136 S.Ct. 1288 (April 19, 2016)
Seth HollanderAssistant Attorney General ,Connecticut Office of the Attorney General
* The views expressed here are not necessarily the views of the Connecticut Office of the Attorney GeneralSlide2
What Was Maryland Up To?Slide3Slide4Slide5Slide6
Contract Capacity Price
Capacity Auction Clearing Price
$10/kW Month
$4.50/kW Month
$10 – $4.50 = $5.50
$5.50 * Quantity = Contract Payment from EDC/ratepayers
to
generator
Difference Between Contract Capacity Price
and PJM Capacity Auction Clearing PriceSlide7
Contract Capacity Price
Capacity Auction Clearing Price
$10/kW Month
$7/kW Month
$10 – $7 = $3
$3 * Quantity = Contract Payment from EDC/ratepayers
to
generator
Difference Between Contract Capacity Price
and PJM Capacity Auction Clearing PriceSlide8
Contract Capacity Price
Capacity Auction Clearing Price
$10/kW Month
$15/kW Month
$10 – $15 = $-5
$-5 * Quantity = Contract Payment from generator
to
EDC/ratepayers
Difference Between Contract Capacity Price
and PJM Capacity Auction Clearing PriceSlide9Slide10
Setting Wholesale RatesSlide11
What About State Exercise of Allocated Authority Under the FPA?Slide12
Difference Between Bilateral Contracts and Contracts-for-Differences
Solicitor General
Hughes
CourtSlide13