Gavin Bade, Utility Dive
The PJM Interconnection asked the Federal Energy Regulatory Commission on Tuesday to allow it to delay its May 2019 capacity market auction if the commission cannot make a final decision on rules for the market by early January.
PJM and its member states asked FERC last month for more time to respond to a June order invalidating the rules for PJM's capacity market. If FERC grants that deadline extension, PJM said it will need to delay the auction until August 14, 2019.
A delay in the capacity market auction would be "unusual but is not unprecedented," PJM said in a blog post. The 2015 auction, which provided power for the 2017-2018 delivery year, was pushed to August from May to provide PJM time to implement its capacity performance rules for generators.