Entergy announced Tuesday it will close its Pilgrim Nuclear Power Station in Plymouth, Mass., no later than June 1, 2019, marking the company’s exit from the New England market.

PJM generators — such as Exelon, Dynegy, NRG and PSEG — will earn $10.9 billion from this year’s capacity auction in the first test of the RTO’s new Capacity Performance requirements.

PJM's first capacity auction under its new no-excuses policy saw prices rise 37% to $164.77/MW-day in most of the RTO.

The NYPSC approved a temporary surcharge while a final agreement to keep the R.E. Ginna nuclear plant operating is hammered out.

“My guess is EPA is going to largely ignore the problem and hope that nuclear plants don’t retire,” an Exelon executive said.

Increased use of renewable energy will depress energy prices, increase capacity prices and lead to early retirement of baseload plants, according to ISO-NE.

Consumer advocates told PJM that Capacity Performance could saddle ratepayers with excessive costs because of its treatment of renewable energy.

Efforts to keep the Ginna nuclear plant operating has spurred a turf war between federal and state regulators who are conducting independent reviews.

PJM planners have selected LS Power to build a new 230-kV transmission line from New Jersey’s Artificial Island to Delaware to address stability issues at the nuclear complex.

PJM planners said they will announce their revised recommendation to address stability problems at the Artificial Island nuclear complex at a special TEAC meeting April 28.