Gavin Bade, UtilityDive
Summary
Input from states in the PJM and ISO-New England markets will be critical to winning approval at the Federal Energy Regulatory Commission for any plan to enhance the resilience of the nation's power sector, Commissioner Robert Powelson said Monday.
Powelson told the audience at a regulatory summit in Washington that any proposal "will not garner any support" at FERC without input from states in the two markets, which were at the center of a Department of Energy proposal to subsidize fuel-secure generators that FERC rejected last month.
Both grid operators have active efforts in place to reform resource compensation in their wholesale markets but have faced pushback from states and other market participants. The PJM Board could vote on its capacity repricing proposal as soon as Wednesday.
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