FERC rejects PJM capacity market reform proposals, seeks quick resolution

By District Energy posted 06-30-2018 00:00

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Robert Walton, Utility Dive

Summary

In a 3-2 decision that drew sharp dissent from two commissioners, the Federal Energy Regulatory Commission late Friday rejected both of PJM Interconnection's proposals to address failures in its capacity markets due to state subsidies supporting preferred generation resources.

Whether to add more renewable energy or to keep struggling emissions-free nuclear online, many states are increasingly supporting power plants that might not be economic but provide the clean energy needed to meet renewable portfolio standards and other policy goals.