PJM and its transmission owners released a joint proposal to address FERC’s decision last month that the TOs are not in compliance with FERC Order 890.
FERC ordered a technical conference to consider whether PJM should move from a year-round to a seasonal capacity market construct.
FERC has given an unconditional thumbs-up to resource-aggregation rules for PJM that staff conditionally approved last year when the commission lacked a quorum.
Stakeholders remain reticent to cede too much command and control to PJM, voting at the MRC meeting to defer a vote on revisions to Manual 14D.
PSEG CEO Ralph Izzo expressed confidence that the company’s five nuclear power plants will receive subsidies through New Jersey legislation.
FERC approved the PJM proposal to reduce by almost 90% the number of bidding locations for virtual transactions.
FirstEnergy CEO Charles Jones said the company’s floundering FES merchant generating arm is now under a death watch.
An advocacy group accused PJM of violating the Federal Power Act by making political contributions with membership funds. PJM said the payments were to allow staff access to energy-related policy summits and not to support any candidate.
Resilience, pipelines and PURPA topped the discussions at the National Association of Regulatory Commissioners’ (NARUC) winter meetings.
Blocked by regulators from moving its ailing coal-fired Pleasants plant into the rate base of a subsidiary, FirstEnergy announced it will shut the plant down.