By Michael Brooks
FERC KO’d PSEG and NRG’s controversial PPAs with a PSA that OK’d PJM’s MOU with PUCT.
“IMO, and FWIW since IANAL, these PPAs are FUBAR,” Chairman Norman Bay told confused reporters.
The MOU between the RTO and the PUC linked the PPAs with LMPs. It was supported by DOE, EPA, CFTC and the NFL.
PSEG and NRG immediately released a statement, saying “WTF, FERC? We’re SOL.”
Happy April Fools’ Day!