DynegyMarketing and Trade LLC, a unit of Dynegy Inc., was a winning bidder in the Illinois PowerAgency's MISO Zone 4 capacity procurement solicitation for planning years 2017-2018and 2018-2019, according to a Sept. 23 news release.
Totalcapacity to be provided by the four winning suppliers is 1,389 MW for planningyear 2017-2018 and 465 MW for planning year 2018-2019, which runs from June2018 until May 2019. Other winning suppliers for the sale of Zonal ResourceCredits, or ZRCs, to AmerenCorp.'s AmerenIllinois Co. for both planning years were 's , 'sMain Line Generation LLCand The Energy AuthorityInc.
Theoverall weighted average price for the bids was $143.20/MWd for planning year2017-2018 and $137.25/MWd for planning year 2018-2019. As outlined under theauction rules, individual company bid results are confidential.
Dynegysaid it has sold a total of 1,288 MW of capacity from its MISO coal segment forplanning year 2017-2018, excluding Illinois Power Holdings, LLC, for a total of nearly$45.8 million.
TheIllinois Commerce Commission, or ICC, approved the winning bids Sept. 22. Inaccordance with a final order from the ICC, load serving entities must acquireZRCs to satisfy certain resource adequacy requirements imposed by MISO. ZRCsrepresent a commitment of capacity from planning resources that can be reliedupon by the MISO. Among other things, the purpose of the powerprocurement plan is to secure electricity and associated transmission servicesto meet the needs of eligible retail customers in the service areas of AmerenIllinois as well as ExelonCorp.'s CommonwealthEdison Co. and BerkshireHathaway Energy's MidAmerican Energy Co.